Investing.com – United Arab Emirates stocks were lower after the close on Thursday, as losses in the Consumer Staples, Insurance and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General fell 0.73% to hit a new 3-months low, while the ADX General index fell 0.34%.
The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 1.71% or 0.020 points to trade at 1.190 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 1.60% or 0.030 points to end at 1.900 and Dubai Financial Market PJSC (DU:DFM) was up 0.94% or 0.010 points to 1.070 in late trade.
The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 5.07% or 0.019 points to trade at 0.356 at the close. Dubai National Insurance (DU:DNIN) declined 4.06% or 0.110 points to end at 2.600 and Deyaar Development PJSC (DU:DEYR) was down 3.50% or 0.017 points to 0.469.
The top performers on the ADX General were Nat Bk Qaiwain (AD:NBQ) which rose 14.44% to 3.09, Gulf Cement Co (AD:GCEM) which was up 4.35% to settle at 0.9600 and Union Natl Bk (AD:UNB) which gained 1.63% to close at 4.990.
The worst performers were National Bank of Fujairah PJSC (AD:NBF) which was down 9.94% to 2.99 in late trade, Commercial Bank International (AD:CBI) which lost 9.52% to settle at 1.520 and Ad Aviation (AD:ADAV) which was down 7.06% to 2.500 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 26 to 8 and 2 ended unchanged; on the Abu Dhabi, 22 fell and 4 advanced, while 7 ended unchanged.
Shares in Gulf General Investments Company (DU:GGIC) fell to 3-years lows; falling 5.07% or 0.019 to 0.356. Shares in Deyaar Development PJSC (DU:DEYR) fell to 52-week lows; losing 3.50% or 0.017 to 0.469. Shares in Ad Aviation (AD:ADAV) fell to 3-years lows; down 7.06% or 0.190 to 2.500.
Crude oil for July delivery was down 1.62% or 0.83 to $50.53 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.39% or 0.75 to hit $53.21 a barrel, while the June Gold Futures contract rose 0.32% or 4.06 to trade at $1257.16 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.04% to 4.1186.
The US Dollar Index Futures was up 0.12% at 97.07.