United Arab Emirates shares lower at close of trade; DFM General down 0.30%

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United Arab Emirates shares lower at close of trade; DFM General down 0.30%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Consumer Staples , Services and Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.30%, while the ADX General index lost 2.91%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 2.80% or 0.150 points to trade at 5.500 at the close. Mashreqbank PSC (DU: MASB ) added 2.67% or 2.00 points to end at 77.00 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 2.12% or 0.060 points to 2.890 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 4.72% or 0.050 points to trade at 1.010 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 4.12% or 0.070 points to end at 1.630 and Takaful House (DU: DTKF ) shed 4.10% or 0.050 points to 1.170.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 3.24% to 1.910, Rak Cement Co (AD: RKCC ) which was up 1.23% to settle at 0.820 and Aldar Properti (AD: ALDR ) which gained 0.85% to close at 2.370.

The worst performers were First Gulf Bk (AD: FGB ) which was down 8.70% to 12.60 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 8.20% to settle at 0.560 and Natl Bk Of Ad (AD: NBAD ) which was down 4.21% to 10.25 at the close.

Declining stocks outnumbered rising ones by 24 to 8 and 4 ended unchanged; on the Abu Dhabi, 14 fell and 4 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 2.45% or 1.23 to $49.05 a barrel. Meanwhile, Brent oil for delivery in May fell 2.33% or 1.24 to hit $51.87 a barrel, while the April Gold Futures contract fell 0.38% or 4.55 to trade at $1204.85 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.20% to 3.8788.

The US Dollar Index Futures was down 0.03% at 102.08.

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