United Arab Emirates shares lower at close of trade; DFM General down 0.64%

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United Arab Emirates shares lower at close of trade; DFM General down 0.64%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.64% to hit a new 3-month low, while the ADX General index declined 0.62%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 3.26% or 0.014 points to trade at 0.443 at the close. Marka Pjse (DU: MARKA ) added 2.22% or 0.03 points to end at 1.38 and Takaful House (DU: DTKF ) was up 1.67% or 0.020 points to 1.220 in late trade.

Biggest losers included Emaar Malls (DU: EMAA ), which lost 4.81% or 0.130 points to trade at 2.570 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 3.38% or 0.027 points to end at 0.772 and Dubai Financial Market PJSC (DU: DFM ) shed 2.54% or 0.030 points to 1.150.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 11.11% to 4.500, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 6.06% to settle at 0.7000 and Insurance Hous (AD: IH ) which gained 4.00% to close at 0.780.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 9.35% to 2.91 in late trade, Al Khazna Ins (AD: AKIC ) which lost 2.44% to settle at 0.400 and Emirates Telec (AD: ETEL ) which was down 2.24% to 17.45 at the close.

Declining stocks outnumbered rising ones by 22 to 13 and 1 ended unchanged; on the Abu Dhabi, 10 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 1.15% or 0.57 to $49.05 a barrel. Meanwhile, Brent oil for delivery in July fell 1.26% or 0.66 to hit $51.75 a barrel, while the June Gold Futures contract rose 0.14% or 1.74 to trade at $1265.94 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.05% to 4.0033.

The US Dollar Index Futures was up 0.02% at 98.87.

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