United Arab Emirates shares lower at close of trade; DFM General down 1.04%

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United Arab Emirates shares lower at close of trade; DFM General down 1.04%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.04% to hit a new 3-month low, while the ADX General index fell 1.02%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 0.85% or 0.010 points to trade at 1.190 at the close. Emaar Malls (DU: EMAA ) added 0.80% or 0.020 points to end at 2.530 and Emaar Properties PJSC (DU: EMAR ) was up 0.27% or 0.020 points to 7.300 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.93% or 0.044 points to trade at 0.399 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 9.04% or 0.075 points to end at 0.755 and Marka Pjse (DU: MARKA ) shed 6.82% or 0.09 points to 1.23.

The top performers on the ADX General were Finance House (AD: FH ) which rose 11.11% to 1.600, Union Cement (AD: UCC ) which was up 8.33% to settle at 1.300 and Gulf Pharm Ind (AD: GPHI ) which gained 4.25% to close at 2.210.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 7.14% to 2.60 in late trade, Dana Gas (AD: DANA ) which lost 4.55% to settle at 0.420 and Ad Natl Energy (AD: TAQA ) which was down 3.39% to 0.570 at the close.

Declining stocks outnumbered rising ones by 25 to 6 and 5 ended unchanged; on the Abu Dhabi, 20 fell and 4 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 2.17% or 0.99 to $46.51 a barrel. Meanwhile, Brent oil for delivery in July rose 2.17% or 1.05 to hit $49.43 a barrel, while the June Gold Futures contract rose 0.03% or 0.41 to trade at $1229.01 a troy ounce.

USD/AED was down 0.00% to 3.6728, while EUR/AED rose 0.14% to 4.0397.

The US Dollar Index Futures was down 0.19% at 98.42.

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