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United Arab Emirates stocks lower at close of trade; DFM General down 0.94%

Published 04/02/2018, 07:15 AM
Updated 04/02/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.94%

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

At the close in Dubai, the DFM General lost 0.94%, while the ADX General index fell 0.04%.

The best performers of the session on the DFM General were Dubai Financial Market PJSC (DU:DFM), which rose 0.96% or 0.010 points to trade at 1.050 at the close. Meanwhile, Dubai Investments PJSC (DU:DINV) added 0.94% or 0.020 points to end at 2.140 and National Central Cooling Co. (DU:TABR) was up 0.63% or 0.010 points to 1.600 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 4.76% or 0.02 points to trade at 0.48 at the close. Gulf General Investments Company (DU:GGIC) declined 3.23% or 0.011 points to end at 0.330 and Emaar Properties PJSC (DU:EMAR) was down 2.56% or 0.150 points to 5.700.

The top performers on the ADX General were Agthia Group (AD:AGTH) which rose 6.65% to 4.49, Ad Natl Energy (AD:TAQA) which was up 4.94% to settle at 0.850 and Gulf Pharm Ind (AD:GPHI) which gained 3.91% to close at 2.390.

The worst performers were Ad Aviation (AD:ADAV) which was down 6.47% to 2.890 in late trade, United Arab Bk (AD:UAB) which lost 5.74% to settle at 1.150 and International Holding Company PJSC (AD:IHC) which was down 2.03% to 1.45 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 22 to 13 and 4 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged.

Shares in Emaar Properties PJSC (DU:EMAR) fell to 52-week lows; falling 2.56% or 0.150 to 5.700. Shares in Ad Natl Energy (AD:TAQA) rose to 3-years highs; up 4.94% or 0.040 to 0.850. Shares in United Arab Bk (AD:UAB) fell to all time lows; down 5.74% or 0.070 to 1.150.

Crude oil for May delivery was up 0.38% or 0.25 to $65.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.58% or 0.40 to hit $69.74 a barrel, while the June Gold Futures contract rose 0.67% or 8.90 to trade at $1336.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED unchanged 0.00% to 4.5260.

The US Dollar Index Futures was down 0.22% at 89.55.

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