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United Arab Emirates stocks lower at close of trade; DFM General down 1.07%

Stock MarketsNov 19, 2017 06:15AM ET
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© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.07%

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

At the close in Dubai, the DFM General fell 1.07%, while the ADX General index lost 1.12%.

The best performers of the session on the DFM General were Oman Insurance Company P.S.C. (DU:OIC), which rose 5.88% or 0.100 points to trade at 1.800 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 2.70% or 0.050 points to end at 1.900 and Deyaar Development PJSC (DU:DEYR) was up 1.43% or 0.007 points to 0.496 in late trade.

The worst performers of the session were Damac Properties Dubai Co PSC (DU:DAMAC), which fell 5.28% or 0.190 points to trade at 3.410 at the close. ARAMEX PJSC (DU:ARMX) declined 3.60% or 0.170 points to end at 4.550 and Air Arabia PJSC (DU:AIRA) was down 1.61% or 0.020 points to 1.220.

The top performers on the ADX General were Ad Natl Ins Co (AD:ADNI) which rose 11.11% to 4.000, Sharjah Cement AD (AD:SCID) which was up 2.86% to settle at 1.080 and Rak Ceramics (AD:RKCE) which gained 2.39% to close at 2.570.

The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 4.89% to 2.140 in late trade, Ad Natl Energy (AD:TAQA) which lost 4.62% to settle at 0.620 and Gulf Medical Projects Co PSC (AD:GMPC) which was down 4.55% to 2.10 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 21 to 9 and 8 ended unchanged; on the Abu Dhabi, 15 fell and 4 advanced, while 7 ended unchanged.

Shares in Ad Natl Ins Co (AD:ADNI) rose to 52-week highs; rising 11.11% or 0.400 to 4.000.

Crude oil for January delivery was unchanged 0.00% or 0.00 to $56.71 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 2.23% or 1.37 to hit $62.73 a barrel, while the December Gold Futures contract rose 1.27% or 16.21 to trade at $1294.41 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.3323.

The US Dollar Index Futures was down 0.25% at 93.61.

United Arab Emirates stocks lower at close of trade; DFM General down 1.07%
 

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