United Arab Emirates shares lower at close of trade; DFM General down 1.13%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 1.13%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 1.13% to hit a new 1-month low, while the ADX General index lost 0.68%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 1.27% or 0.030 points to trade at 2.400 at the close. ARAMEX PJSC (DU: ARMX ) added 1.25% or 0.060 points to end at 4.860 and Arabian Scandinavian Insurance Co PLC (DU: ASCI ) was up 0.43% or 0.010 points to 2.310 in late trade.

Biggest losers included Deyaar Development PJSC (DU: DEYR ), which lost 3.28% or 0.020 points to trade at 0.589 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 2.86% or 0.040 points to end at 1.360 and Arabtec Holding PJSC (DU: ARTC ) shed 2.44% or 0.022 points to 0.878.

The top performers on the ADX General were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which rose 15.00% to 3.22, Buhaira Nat In (AD: ABNI ) which was up 10.19% to settle at 2.380 and Invest Bank AD (AD: INVB ) which gained 8.70% to close at 2.500.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 9.23% to 0.590 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 7.96% to settle at 2.660 and Rak Properties (AD: RPRO ) which was down 2.60% to 0.750 at the close.

Declining stocks outnumbered rising ones by 27 to 6 and 4 ended unchanged; on the Abu Dhabi, 17 fell and 8 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.18% or 0.62 to $53.23 a barrel. Meanwhile, Brent oil for delivery in May rose 1.31% or 0.72 to hit $55.80 a barrel, while the April Gold Futures contract rose 0.13% or 1.60 to trade at $1234.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6725, while EUR/AED rose 1.06% to 3.8999.

The US Dollar Index Futures was down 0.79% at 101.35.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or