United Arab Emirates shares lower at close of trade; DFM General down 0.44%

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United Arab Emirates shares lower at close of trade; DFM General down 0.44%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.44%, while the ADX General index lost 0.02%.

The biggest gainers of the session on the DFM General were Union Properties PJSC (DU: UPRO ), which rose 1.78% or 0.017 points to trade at 0.970 at the close. Deyaar Development PJSC (DU: DEYR ) added 1.54% or 0.008 points to end at 0.529 and Drake & Scull International PJSC (DU: DSI ) was up 1.19% or 0.005 points to 0.426 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 6.72% or 0.160 points to trade at 2.220 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 2.00% or 0.030 points to end at 1.470 and Air Arabia PJSC (DU: AIRA ) shed 1.92% or 0.020 points to 1.020.

The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 13.79% to 0.66, Sharjah Islami (AD: SIB ) which was up 4.55% to settle at 1.380 and Union Cement (AD: UCC ) which gained 4.00% to close at 1.300.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 8.81% to 3.00 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 8.62% to settle at 0.530 and Dana Gas (AD: DANA ) which was down 4.11% to 0.700 at the close.

Declining stocks outnumbered rising ones by 20 to 13 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.54% or 0.24 to $44.70 a barrel. Meanwhile, Brent oil for delivery in August rose 0.81% or 0.38 to hit $47.30 a barrel, while the August Gold Futures contract rose 0.09% or 1.19 to trade at $1255.79 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.45% to 4.1120.

The US Dollar Index Futures was down 0.35% at 97.16.

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