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United Arab Emirates stocks lower at close of trade; DFM General down 0.06%

Published 08/28/2016, 07:15 AM
Updated 08/28/2016, 10:40 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.06%

Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Telecoms, Banking and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General fell 0.06%, while the ADX General index declined 0.44%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 5.36% or 0.150 points to trade at 2.950 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 4.24% or 0.024 points to end at 0.590 and ARAMEX PJSC (DU:ARMX) was up 3.90% or 0.150 points to 4.000 in late trade.

The worst performers of the session were Takaful House (DU:DTKF), which fell 2.04% or 0.020 points to trade at 0.960 at the close. AJMAN BANK PJSC (DU:AJBNK) declined 1.28% or 0.020 points to end at 1.540 and Marka Pjse (DU:MARKA) was down 0.85% or 0.01 points to 1.17.

The top performers on the ADX General were Em Driving Co (AD:DRIV) which rose 6.67% to 8.00, Eshraq Properties Co PJSC (AD:ESHR) which was up 2.56% to settle at 0.8000 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 1.20% to close at 0.8400.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 4.35% to 4.400 in late trade, Rak Cmt & Cons (AD:RAKC) which lost 3.42% to settle at 1.130 and Gulf Pharm Ind (AD:GPHI) which was down 2.64% to 2.210 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 17 to 14 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 18 fell and 7 advanced, while 6 ended unchanged.

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Shares in Em Driving Co (AD:DRIV) rose to all time highs; up 6.67% or 0.50 to 8.00.

Crude oil for October delivery was unchanged 0.00% or 0.00 to $47.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November unchanged 0.00% or 0.00 to hit $50.15 a barrel, while the December Gold contract fell 0.02% or 0.25 to trade at $1324.35 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.85% to 4.1110.

The US Dollar Index was up 0.84% at 95.48.

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