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United Arab Emirates stocks lower at close of trade; DFM General down 0.24%

Published 07/20/2017, 07:15 AM
Updated 07/20/2017, 07:15 AM
United Arab Emirates stocks lower at close of trade; DFM General down 0.24%

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

At the close in Dubai, the DFM General lost 0.24%, while the ADX General index lost 0.91%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 14.88% or 0.180 points to trade at 1.390 at the close. Meanwhile, Amlak Finance PJSC (DU:AMLK) added 14.29% or 0.140 points to end at 1.120 and Deyaar Development PJSC (DU:DEYR) was up 3.04% or 0.016 points to 0.543 in late trade.

The worst performers of the session were Dubai Financial Market PJSC (DU:DFM), which fell 2.46% or 0.030 points to trade at 1.190 at the close. Damac Properties Dubai Co PSC (DU:DAMAC) declined 2.02% or 0.080 points to end at 3.880 and Emaar Malls (DU:EMAA) was down 1.98% or 0.050 points to 2.480.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 12.08% to 2.690, Ad Aviation (AD:ADAV) which was up 6.79% to settle at 2.990 and Waha Capital (AD:WAHA) which gained 1.72% to close at 1.770.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 8.89% to 0.410 in late trade, Natl Bk Of Rak (AD:RAKB) which lost 6.45% to settle at 4.35 and Dana Gas (AD:DANA) which was down 2.94% to 0.660 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 15 and 2 ended unchanged; on the Abu Dhabi, 9 fell and 6 advanced, while 10 ended unchanged.

Shares in Invest Bank AD (AD:INVB) rose to 52-week highs; gaining 12.08% or 0.290 to 2.690.

Crude oil for September delivery was up 0.15% or 0.07 to $47.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.22% or 0.11 to hit $49.81 a barrel, while the August Gold Futures contract fell 0.49% or 6.03 to trade at $1235.97 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.05% to 4.2274.

The US Dollar Index Futures was up 0.18% at 94.81.

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