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United Arab Emirates stocks lower at close of trade; DFM General down 1.23%

Published 04/12/2018, 07:15 AM
Updated 04/12/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 1.23%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.23%

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

At the close in Dubai, the DFM General fell 1.23%, while the ADX General index fell 0.78%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 8.67% or 0.150 points to trade at 1.880 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 5.48% or 4.00 points to end at 77.00 and AJMAN BANK PJSC (DU:AJBNK) was up 1.92% or 0.020 points to 1.060 in late trade.

The worst performers of the session were Commercial Bank of Dubai P.S.C. (DU:CBD), which fell 6.25% or 0.250 points to trade at 3.750 at the close. Amanat Holdings PJSC (DU:AMANT) declined 3.62% or 0.050 points to end at 1.330 and Arabtec Holding PJSC (DU:ARTC) was down 3.14% or 0.070 points to 2.160.

The top performers on the ADX General were Rak Cmt & Cons (AD:RAKC) which rose 14.12% to 0.970, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 6.52% to settle at 0.490 and Ad Commercial (AD:ADCB) which gained 0.97% to close at 7.25.

The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.81% to 1.930 in late trade, Al Khaleej Investment Co PJSC (AD:KICO) which lost 9.28% to settle at 2.15 and Commercial Bank International (AD:CBI) which was down 7.69% to 0.600 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 31 to 8 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 4 advanced, while 11 ended unchanged.

Shares in Commercial Bank of Dubai P.S.C. (DU:CBD) fell to 3-years lows; down 6.25% or 0.250 to 3.750. Shares in Arabtec Holding PJSC (DU:ARTC) fell to 3-years lows; losing 3.14% or 0.070 to 2.160. Shares in Rak Cmt & Cons (AD:RAKC) rose to 5-year lows; up 14.12% or 0.120 to 0.970. Shares in Commercial Bank International (AD:CBI) fell to 3-years lows; falling 7.69% or 0.050 to 0.600.

Crude oil for May delivery was down 0.18% or 0.12 to $66.70 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.33% or 0.24 to hit $71.82 a barrel, while the June Gold Futures contract fell 0.79% or 10.70 to trade at $1349.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.24% to 4.5322.

The US Dollar Index Futures was up 0.25% at 89.44.

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