Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Finance & Investment, Consumer Staples and Services sectors led shares lower.
At the close in Dubai, the DFM General declined 6.96% to hit a new 3-months low, while the ADX General index fell 5.01%.
The best performers of the session on the DFM General were Emirates Refreshments Company (DU:ERC), which unchanged 0.00% or 0.000 points to trade at 4.900 at the close. Meanwhile, National General Insurance Co PSC (DU:NGIN) unchanged 0.00% or 0.00 points to end at 3.80 and Dubai National Insurance (DU:DNIN) was unchanged 0.00% or 0.000 points to 2.850 in late trade.
The worst performers of the session were Union Properties PJSC (DU:UPRO), which fell 10.00% or 0.100 points to trade at 0.900 at the close. Dubai Investments PJSC (DU:DINV) declined 10.00% or 0.250 points to end at 2.250 and Deyaar Development PJSC (DU:DEYR) was down 9.97% or 0.073 points to 0.659.
The top performers on the ADX General were Gulf Medical Projects Co PSC (AD:GMPC) which unchanged 0.00% to 2.80, Finance House (AD:FH) which was unchanged 0.00% to settle at 2.80 and Emirates Ins C (AD:EIC) which unchanged 0.00% to close at 6.80.
The worst performers were Dana Gas (AD:DANA) which was down 10.00% to 0.450 in late trade, Methaq (AD:METH) which lost 9.90% to settle at 0.910 and Ad Natl Energy (AD:TAQA) which was down 9.52% to 0.570 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 28 to 0 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 27 fell and 0 advanced, while 2 ended unchanged.
Shares in Emirates Refreshments Company (DU:ERC) unchanged to 52-week highs; unchanged 0.00% or 0.000 to 4.900. Shares in Finance House (AD:FH) unchanged to 52-week lows; unchanged 0.00% or 0.00 to 2.80. Shares in Emirates Ins C (AD:EIC) unchanged to 52-week lows; unchanged 0.00% or 0.00 to 6.80. Shares in Ad Natl Energy (AD:TAQA) fell to all time lows; down 9.52% or 0.060 to 0.570.
Crude oil for October delivery was down 2.63% or 1.08 to $40.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 2.81% or 1.31 to hit $45.31 a barrel, while the December Gold contract rose 0.63% or 7.30 to trade at $1160.50 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 1.23% to 4.1815.
The US Dollar Index was down 0.97% at 94.84.