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United Arab Emirates stocks lower at close of trade; DFM General down 0.13%

Published 02/19/2017, 06:15 AM
Updated 02/19/2017, 10:40 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.13%

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

At the close in Dubai, the DFM General declined 0.13%, while the ADX General index fell 0.48%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 6.71% or 0.110 points to trade at 1.750 at the close. Meanwhile, Takaful House (DU:DTKF) added 4.24% or 0.050 points to end at 1.230 and Takaful Emarat PSC (DU:TKFE) was up 3.28% or 0.080 points to 2.520 in late trade.

The worst performers of the session were Arabtec Holding PJSC (DU:ARTC), which fell 3.94% or 0.041 points to trade at 0.999 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 2.75% or 0.030 points to end at 1.060 and Drake & Scull International PJSC (DU:DSI) was down 2.60% or 0.013 points to 0.487.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD:ESHR) which rose 9.52% to 1.1500, Rak Cmt & Cons (AD:RAKC) which was up 7.69% to settle at 1.260 and Gulf Cement Co (AD:GCEM) which gained 6.73% to close at 1.1100.

The worst performers were Abu Dhabi National Hotels Co (AD:ADNH) which was down 6.45% to 2.90 in late trade, Nat Bk Qaiwain (AD:NBQ) which lost 6.25% to settle at 3.00 and Agthia Group (AD:AGTH) which was down 2.65% to 6.60 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 15 to 13 and 8 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 10 ended unchanged.

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Shares in Arabtec Holding PJSC (DU:ARTC) fell to 52-week lows; falling 3.94% or 0.041 to 0.999. Shares in DXB Entertainments (P.J.S.C.) (DU:DXBE) fell to 52-week lows; down 2.75% or 0.030 to 1.060. Shares in Gulf Cement Co (AD:GCEM) rose to 52-week highs; up 6.73% or 0.0700 to 1.1100.

Crude oil for April delivery was unchanged 0.00% or 0.00 to $53.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.14% or 0.08 to hit $55.73 a barrel, while the April Gold Futures contract fell 0.46% or 5.75 to trade at $1235.85 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.59% to 3.8973.

The US Dollar Index Futures was up 0.44% at 100.89.

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