United Arab Emirates shares lower at close of trade; DFM General down 0.73%

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United Arab Emirates shares lower at close of trade; DFM General down 0.73%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.73% to hit a new 3-month low, while the ADX General index declined 0.34%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 1.71% or 0.020 points to trade at 1.190 at the close. National Central Cooling Co. (DU: TABR ) added 1.60% or 0.030 points to end at 1.900 and Dubai Financial Market PJSC (DU: DFM ) was up 0.94% or 0.010 points to 1.070 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 5.07% or 0.019 points to trade at 0.356 in late trade. Dubai National Insurance (DU: DNIN ) declined 4.06% or 0.110 points to end at 2.600 and Deyaar Development PJSC (DU: DEYR ) shed 3.50% or 0.017 points to 0.469.

The top performers on the ADX General were Nat Bk Qaiwain (AD: NBQ ) which rose 14.44% to 3.09, Gulf Cement Co (AD: GCEM ) which was up 4.35% to settle at 0.9600 and Union Natl Bk (AD: UNB ) which gained 1.63% to close at 4.990.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 9.94% to 2.99 in late trade, Commercial Bank International (AD: CBI ) which lost 9.52% to settle at 1.520 and Ad Aviation (AD: ADAV ) which was down 7.06% to 2.500 at the close.

Declining stocks outnumbered rising ones by 26 to 8 and 2 ended unchanged; on the Abu Dhabi, 22 fell and 4 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.64% or 0.84 to $50.52 a barrel. Meanwhile, Brent oil for delivery in July fell 1.39% or 0.75 to hit $53.21 a barrel, while the June Gold Futures contract rose 0.33% or 4.17 to trade at $1257.27 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.04% to 4.1186.

The US Dollar Index Futures was up 0.13% at 97.08.

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