Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks lower at close of trade; DFM General down 0.64%

Published 04/27/2017, 07:15 AM
Updated 04/27/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.64%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.64%

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

At the close in Dubai, the DFM General fell 0.64% to hit a new 3-months low, while the ADX General index declined 0.62%.

The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 3.26% or 0.014 points to trade at 0.443 at the close. Meanwhile, Marka Pjse (DU:MARKA) added 2.22% or 0.03 points to end at 1.38 and Takaful House (DU:DTKF) was up 1.67% or 0.020 points to 1.220 in late trade.

The worst performers of the session were Emaar Malls (DU:EMAA), which fell 4.81% or 0.130 points to trade at 2.570 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 3.38% or 0.027 points to end at 0.772 and Dubai Financial Market PJSC (DU:DFM) was down 2.54% or 0.030 points to 1.150.

The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 11.11% to 4.500, Arkan Building Materials Co PJSC (AD:ARKN) which was up 6.06% to settle at 0.7000 and Insurance Hous (AD:IH) which gained 4.00% to close at 0.780.

The worst performers were National Bank of Fujairah PJSC (AD:NBF) which was down 9.35% to 2.91 in late trade, Al Khazna Ins (AD:AKIC) which lost 2.44% to settle at 0.400 and Emirates Telec (AD:ETEL) which was down 2.24% to 17.45 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 22 to 13 and 1 ended unchanged; on the Abu Dhabi, 10 rose and 9 declined, while 7 ended unchanged.

Crude oil for June delivery was down 1.15% or 0.57 to $49.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.26% or 0.66 to hit $51.75 a barrel, while the June Gold Futures contract rose 0.14% or 1.74 to trade at $1265.94 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.05% to 4.0033.

The US Dollar Index Futures was up 0.02% at 98.87.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.