United Arab Emirates shares lower at close of trade; DFM General down 1.68%

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United Arab Emirates shares lower at close of trade; DFM General down 1.68%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.68% to hit a new 1-month low, while the ADX General index lost 1.76%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 1.44% or 0.030 points to trade at 2.110 at the close. Takaful House (DU: DTKF ) added 1.17% or 0.006 points to end at 0.520 and Air Arabia PJSC (DU: AIRA ) was up 0.78% or 0.010 points to 1.290 in late trade.

Biggest losers included National General Insurance Co PSC (DU: NGIN ), which lost 9.26% or 0.25 points to trade at 2.45 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 5.49% or 0.034 points to end at 0.585 and Emaar Malls Group (DU: EMAA ) shed 4.41% or 0.12 points to 2.60.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 13.75% to 0.910, Agthia Group (AD: AGTH ) which was up 2.32% to settle at 7.49 and Dana Gas (AD: DANA ) which gained 1.92% to close at 0.530.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.86% to 2.65 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 6.00% to settle at 0.470 and Methaq (AD: METH ) which was down 5.88% to 0.800 at the close.

Declining stocks outnumbered rising ones by 24 to 4 and 8 ended unchanged; on the Abu Dhabi, 19 fell and 4 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 1.91% or 0.92 to $47.27 a barrel. Meanwhile, Brent oil for delivery in July fell 2.25% or 1.10 to hit $47.83 a barrel, while the June Gold contract fell 1.54% or 19.65 to trade at $1254.75 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.16% to 4.1141.

The US Dollar Index was up 0.05% at 95.25.

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