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United Arab Emirates stocks lower at close of trade; DFM General down 0.24%

Stock MarketsJul 29, 2018 07:15AM ET
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United Arab Emirates stocks lower at close of trade; DFM General down 0.24%

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

At the close in Dubai, the DFM General lost 0.24%, while the ADX General index declined 0.25%.

The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 7.38% or 5.50 points to trade at 80.00 at the close. Meanwhile, Dubai Islamic Bank (DU:DISB) added 0.80% or 0.040 points to end at 5.010 and Dubai Financial Market PJSC (DU:DFM) was up 0.31% or 0.003 points to 0.980 in late trade.

The worst performers of the session were Amanat Holdings PJSC (DU:AMANT), which fell 4.00% or 0.050 points to trade at 1.200 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.70% or 0.040 points to end at 1.040 and Takaful House (DU:DTKF) was down 3.65% or 0.028 points to 0.740.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 10.53% to 2.520, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 10.20% to settle at 0.540 and Ad Natl Energy (AD:TAQA) which gained 2.54% to close at 1.210.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was down 8.99% to 0.810 in late trade, Dana Gas (AD:DANA) which lost 1.80% to settle at 1.090 and Rak Cement Co (AD:RKCC) which was down 1.30% to 0.760 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 22 to 7 and 10 ended unchanged; on the Abu Dhabi, 7 fell and 6 advanced, while 10 ended unchanged.

Shares in Mashreqbank PSC (DU:MASB) rose to 52-week highs; gaining 7.38% or 5.50 to 80.00. Shares in Rak Cmt & Cons (AD:RAKC) fell to 5-year lows; down 8.99% or 0.080 to 0.810.

Crude oil for September delivery was down 0.85% or 0.59 to $69.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.24% or 0.18 to hit $74.36 a barrel, while the August Gold Futures contract fell 0.29% or 3.50 to trade at $1222.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.11% to 4.2818.

The US Dollar Index Futures was down 0.11% at 94.47.

United Arab Emirates stocks lower at close of trade; DFM General down 0.24%
 

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