United Arab Emirates shares lower at close of trade; DFM General down 1.91%

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United Arab Emirates shares lower at close of trade; DFM General down 1.91%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 1.91% to hit a new 1-month low, while the ADX General index lost 1.79%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which unchanged 0.00% or 0.000 points to trade at 2.880 at the close. AJMAN BANK PJSC (DU: AJBNK ) unchanged 0.00% or 0.000 points to end at 1.500 and Dubai Islamic Insurance Co. (DU: AMAN ) was unchanged 0.00% or 0.000 points to 0.600 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 3.64% or 0.04 points to trade at 1.06 in late trade. Emaar Malls (DU: EMAA ) declined 3.31% or 0.090 points to end at 2.630 and Drake & Scull International PJSC (DU: DSI ) shed 3.19% or 0.016 points to 0.486.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 6.32% to 1.85, Invest Bank AD (AD: INVB ) which was up 0.45% to settle at 2.210 and Fujairah Building Industries Co PSC (AD: FBI ) which unchanged 0.00% to close at 1.56.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 9.86% to 3.29 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 7.83% to settle at 4.240 and Al Khazna Ins (AD: AKIC ) which was down 7.69% to 0.360 at the close.

Declining stocks outnumbered rising ones by 32 to 1 and 1 ended unchanged; on the Abu Dhabi, 20 fell and 4 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.73% or 0.35 to $48.59 a barrel. Meanwhile, Brent oil for delivery in December rose 0.72% or 0.36 to hit $50.55 a barrel, while the December Gold contract rose 0.23% or 3.05 to trade at $1320.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.05% to 4.1268.

The US Dollar Index was up 0.06% at 95.44.

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