United Arab Emirates shares lower at close of trade; DFM General down 0.93%

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United Arab Emirates shares lower at close of trade; DFM General down 0.93%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.93% to hit a new 6-month low, while the ADX General index fell 1.19%.

The biggest gainers of the session on the DFM General were Air Arabia PJSC (DU: AIRA ), which rose 2.38% or 0.030 points to trade at 1.290 at the close. SHUAA Capital PSC (DU: SHUA ) added 2.33% or 0.030 points to end at 1.320 and Deyaar Development PJSC (DU: DEYR ) was up 0.78% or 0.004 points to 0.519 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 4.04% or 0.080 points to trade at 1.900 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 3.60% or 0.050 points to end at 1.340 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 3.33% or 0.070 points to 2.030.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 6.82% to 0.9400, Abu Dhabi National Hotels Co (AD: ADNH ) which was up 3.03% to settle at 3.40 and Ad Islamic Bk (AD: ADIB ) which gained 1.76% to close at 3.470.

The worst performers were Al Khazna Ins (AD: AKIC ) which was down 8.11% to 0.340 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 5.88% to settle at 2.560 and Agthia Group (AD: AGTH ) which was down 3.53% to 6.02 at the close.

Declining stocks outnumbered rising ones by 23 to 10 and 5 ended unchanged; on the Abu Dhabi, 16 fell and 6 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.65% or 0.28 to $43.13 a barrel. Meanwhile, Brent oil for delivery in January fell 0.49% or 0.22 to hit $44.53 a barrel, while the December Gold contract rose 0.00% or 0.05 to trade at $1224.35 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.87% to 3.9550.

The US Dollar Index was up 0.77% at 99.75.

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