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 1.15%

Published 02/20/2017, 06:15 AM
Updated 02/20/2017, 06:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 1.15%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.15%

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

At the close in Dubai, the DFM General fell 1.15% to hit a new 1-month low, while the ADX General index declined 0.88%.

The best performers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU:DXBE), which rose 9.43% or 0.100 points to trade at 1.160 at the close. Meanwhile, SHUAA Capital PSC (DU:SHUA) added 2.29% or 0.040 points to end at 1.790 and Takaful Emarat PSC (DU:TKFE) was up 0.40% or 0.010 points to 2.530 in late trade.

The worst performers of the session were Arabtec Holding PJSC (DU:ARTC), which fell 9.91% or 0.099 points to trade at 0.900 at the close. Takaful House (DU:DTKF) declined 4.88% or 0.060 points to end at 1.170 and Drake & Scull International PJSC (DU:DSI) was down 3.70% or 0.018 points to 0.469.

The top performers on the ADX General were Sharjah Cement AD (AD:SCID) which rose 3.92% to 1.060, Rak Ceramics (AD:RKCE) which was up 3.56% to settle at 2.330 and Bank Of Sharja (AD:BOS) which gained 2.17% to close at 1.410.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was down 9.52% to 1.140 in late trade, Green Crs Ins (AD:GCIC) which lost 9.41% to settle at 0.770 and Gulf Cement Co (AD:GCEM) which was down 5.41% to 1.0500 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 29 to 5 and 2 ended unchanged; on the Abu Dhabi, 22 fell and 5 advanced, while 3 ended unchanged.

Shares in Arabtec Holding PJSC (DU:ARTC) fell to 5-year lows; falling 9.91% or 0.099 to 0.900.

Crude oil for April delivery was up 0.58% or 0.31 to $54.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.75% or 0.42 to hit $56.23 a barrel, while the April Gold Futures contract fell 0.17% or 2.05 to trade at $1237.05 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.08% to 3.9003.

The US Dollar Index Futures was down 0.06% at 100.83.

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.