United Arab Emirates shares lower at close of trade; DFM General down 1.16%

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United Arab Emirates shares lower at close of trade; DFM General down 1.16%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 1.16%, while the ADX General index declined 0.10%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 1.46% or 0.020 points to trade at 1.390 at the close. Emaar Malls (DU: EMAA ) added 0.78% or 0.020 points to end at 2.600 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 0.61% or 0.010 points to 1.650 in late trade.

Biggest losers included Air Arabia PJSC (DU: AIRA ), which lost 8.63% or 0.120 points to trade at 1.270 in late trade. Union Properties PJSC (DU: UPRO ) declined 6.19% or 0.070 points to end at 1.060 and Takaful House (DU: DTKF ) shed 5.74% or 0.070 points to 1.150.

The top performers on the ADX General were Finance House (AD: FH ) which rose 9.88% to 1.890, Gulf Pharm Ind (AD: GPHI ) which was up 9.86% to settle at 2.340 and Gulf Cement Co (AD: GCEM ) which gained 3.88% to close at 1.0700.

The worst performers were Union Cement (AD: UCC ) which was down 6.98% to 1.200 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 6.06% to settle at 0.620 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 4.49% to 0.8500 at the close.

Declining stocks outnumbered rising ones by 31 to 8; on the Abu Dhabi, 14 fell and 6 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.97% or 0.51 to $52.85 a barrel. Meanwhile, Brent oil for delivery in April rose 0.98% or 0.54 to hit $55.66 a barrel, while the April Gold Futures contract rose 0.27% or 3.35 to trade at $1242.85 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.10% to 3.9252.

The US Dollar Index Futures was up 0.11% at 100.25.

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