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United Arab Emirates stocks lower at close of trade; DFM General down 1.39%

Stock MarketsApr 18, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.39%

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

At the close in Dubai, the DFM General fell 1.39%, while the ADX General index declined 0.52%.

The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 1.50% or 0.020 points to trade at 1.350 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 0.96% or 0.010 points to end at 1.050 and ARAMEX PJSC (DU:ARMX) was up 0.74% or 0.030 points to 4.090 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 4.99% or 0.02 points to trade at 0.32 at the close. Emaar Properties PJSC (DU:EMAR) declined 3.59% or 0.210 points to end at 5.640 and Emaar Malls (DU:EMAA) was down 1.86% or 0.040 points to 2.110.

The top performers on the ADX General were Ad Aviation (AD:ADAV) which rose 5.36% to 2.950, Methaq (AD:METH) which was up 3.90% to settle at 0.800 and Gulf Cement Co (AD:GCEM) which gained 2.86% to close at 1.0800.

The worst performers were Nat Bk Qaiwain (AD:NBQ) which was down 9.76% to 2.68 in late trade, Invest Bank AD (AD:INVB) which lost 4.26% to settle at 2.250 and Dana Gas (AD:DANA) which was down 2.04% to 0.960 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 25 to 9 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 9 ended unchanged.

Shares in Marka Pjse (DU:MARKA) fell to all time lows; losing 4.99% or 0.02 to 0.32.

Crude oil for May delivery was up 1.35% or 0.90 to $67.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.17% or 0.84 to hit $72.42 a barrel, while the June Gold Futures contract rose 0.19% or 2.60 to trade at $1352.10 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.08% to 4.5486.

The US Dollar Index Futures was up 0.07% at 89.28.

United Arab Emirates stocks lower at close of trade; DFM General down 1.39%
 

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