Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

United Arab Emirates stocks lower at close of trade; DFM General down 0.42%

Published 08/16/2016, 07:15 AM
Updated 08/16/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.42%

Investing.com – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Consumer Staples, Real Estate & Construction and Transport sectors led shares lower.

At the close in Dubai, the DFM General lost 0.42%, while the ADX General index lost 0.37%.

The best performers of the session on the DFM General were Dubai Financial Market PJSC (DU:DFM), which rose 5.11% or 0.070 points to trade at 1.440 at the close. Meanwhile, Takaful Emarat PSC (DU:TKFE) added 2.18% or 0.060 points to end at 2.810 and Dubai Islamic Bank (DU:DISB) was up 1.08% or 0.060 points to 5.600 in late trade.

The worst performers of the session were Dubai Parks and Resorts PJSC (DU:DUBA), which fell 2.86% or 0.050 points to trade at 1.700 at the close. Emaar Malls Group (DU:EMAA) declined 2.37% or 0.070 points to end at 2.880 and Mashreqbank PSC (DU:MASB) was down 1.52% or 1.00 points to 65.00.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 2.50% to 0.820, Aldar Properti (AD:ALDR) which was up 2.13% to settle at 2.880 and Eshraq Properties Co PJSC (AD:ESHR) which gained 1.37% to close at 0.7400.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 10.00% to 1.890 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 5.71% to settle at 4.620 and Al Khazna Ins (AD:AKIC) which was down 4.88% to 0.390 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 9 and 8 ended unchanged; on the Abu Dhabi Stock Exchange, 13 fell and 8 advanced, while 10 ended unchanged.

Crude oil for September delivery was up 0.50% or 0.23 to $45.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.48% or 0.23 to hit $48.58 a barrel, while the December Gold contract rose 0.91% or 12.25 to trade at $1359.75 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.92% to 4.1459.

The US Dollar Index was down 1.04% at 94.59.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.