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United Arab Emirates stocks lower at close of trade; DFM General down 0.38%

Published 06/13/2016, 07:15 AM
Updated 06/13/2016, 07:55 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.38%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.38%

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

At the close in Dubai, the DFM General fell 0.38%, while the ADX General index fell 0.06%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 1.94% or 0.040 points to trade at 2.100 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 1.26% or 0.030 points to end at 2.410 and Union Properties PJSC (DU:UPRO) was up 0.97% or 0.007 points to 0.727 in late trade.

The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 2.11% or 0.030 points to trade at 1.390 at the close. Islamic Arab Insurance Company (DU:SALAMA) declined 1.36% or 0.007 points to end at 0.509 and Amanat Holdings PJSC (DU:AMANT) was down 1.19% or 0.010 points to 0.830.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 4.87% to 2.800, Agthia Group (AD:AGTH) which was up 1.32% to settle at 7.70 and Gulf Pharm Ind (AD:GPHI) which gained 0.90% to close at 2.230.

The worst performers were Finance House (AD:FH) which was down 3.70% to 1.820 in late trade, Natl Bk Of Ad (AD:NBAD) which lost 2.36% to settle at 7.87 and Rak Properties (AD:RPRO) which was down 1.64% to 0.600 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 11 and 5 ended unchanged; on the Abu Dhabi Stock Exchange, 8 rose and 7 declined, while 14 ended unchanged.

Crude oil for July delivery was down 1.00% or 0.49 to $48.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.85% or 0.43 to hit $50.11 a barrel, while the August Gold contract rose 0.87% or 11.15 to trade at $1287.05 a troy ounce.

USD/AED was down 0.01% to 3.6726, while EUR/AED rose 0.17% to 4.1405.

The US Dollar Index was down 0.06% at 94.57.

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