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United Arab Emirates stocks lower at close of trade; DFM General down 1.16%

Published 11/06/2017, 06:15 AM
Updated 11/06/2017, 06:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 1.16%

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

At the close in Dubai, the DFM General declined 1.16% to hit a new 3-months low, while the ADX General index declined 0.35%.

The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 1.69% or 0.020 points to trade at 1.200 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 1.62% or 1.05 points to end at 66.05 and Emirates NBD PJSC (DU:ENBD) was up 0.61% or 0.050 points to 8.200 in late trade.

The worst performers of the session were Dubai Investments PJSC (DU:DINV), which fell 3.89% or 0.100 points to trade at 2.470 at the close. National Central Cooling Co. (DU:TABR) declined 2.86% or 0.060 points to end at 2.040 and Dubai Islamic Insurance Co. (DU:AMAN) was down 2.62% or 0.023 points to 0.854.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 7.79% to 2.490, Al Khazna Ins (AD:AKIC) which was up 6.90% to settle at 0.310 and Gulf Cement Co (AD:GCEM) which gained 5.05% to close at 1.0400.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD:QIC) which was down 9.57% to 1.0400 in late trade, Ad Aviation (AD:ADAV) which lost 6.67% to settle at 2.800 and National Marine Dredging PSC (AD:NMDC) which was down 5.41% to 3.500 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 9 and 7 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 6 ended unchanged.

Shares in National Marine Dredging PSC (AD:NMDC) fell to 3-years lows; down 5.41% or 0.200 to 3.500.

Crude oil for December delivery was up 0.54% or 0.30 to $55.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.58% or 0.36 to hit $62.43 a barrel, while the December Gold Futures contract rose 0.21% or 2.63 to trade at $1271.83 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.02% to 4.2623.

The US Dollar Index Futures was up 0.01% at 94.84.

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