United Arab Emirates shares lower at close of trade; DFM General down 0.89%

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United Arab Emirates shares lower at close of trade; DFM General down 0.89%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.89% to hit a new 3-month low, while the ADX General index declined 2.21%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 4.83% or 0.130 points to trade at 2.820 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 2.72% or 0.014 points to end at 0.529 and Dubai National Insurance (DU: DNIN ) was up 2.40% or 0.060 points to 2.560 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 6.90% or 0.08 points to trade at 1.08 in late trade. Dubai Investments PJSC (DU: DINV ) declined 2.50% or 0.050 points to end at 1.950 and ARAMEX PJSC (DU: ARMX ) shed 2.42% or 0.090 points to 3.630.

The top performers on the ADX General were Methaq (AD: METH ) which rose 2.50% to 0.820, Ad Natl Ins Co (AD: ADNI ) which was up 2.38% to settle at 2.150 and Gulf Pharm Ind (AD: GPHI ) which gained 0.46% to close at 2.200.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 8.06% to 2.85 in late trade, First Gulf Bk (AD: FGB ) which lost 4.93% to settle at 10.60 and Rak Cement Co (AD: RKCC ) which was down 3.80% to 0.760 at the close.

Declining stocks outnumbered rising ones by 24 to 10 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 4 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.12% or 0.06 to $50.29 a barrel. Meanwhile, Brent oil for delivery in December rose 0.12% or 0.06 to hit $52.01 a barrel, while the December Gold contract fell 0.08% or 0.95 to trade at $1254.55 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.21% to 4.0385.

The US Dollar Index was down 0.09% at 97.99.

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