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United Arab Emirates shares lower at close of trade; DFM General down 0.34%

Published 2017-11-26, 06:15 a/m
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.34%
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Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Transport, Telecoms and Consumer Staples sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.34%, while the ADX General index lost 0.11%.

The biggest gainers of the session on the DFM General were Emaar Malls (DU:EMAA), which rose 2.33% or 0.050 points to trade at 2.200 at the close. Takaful House (DU:DTKF) added 0.70% or 0.006 points to end at 0.867 and Emirates NBD PJSC (DU:ENBD) was up 0.62% or 0.050 points to 8.110 in late trade.

Biggest losers included ARAMEX PJSC (DU:ARMX), which lost 3.29% or 0.160 points to trade at 4.700 in late trade. Dubai Financial Market PJSC (DU:DFM) declined 1.75% or 0.020 points to end at 1.120 and Arabtec Holding PJSC (DU:ARTC) shed 1.61% or 0.040 points to 2.450.

The top performers on the ADX General were Gulf Cement Co (AD:GCEM) which rose 4.30% to 0.9700, Union Natl Bk (AD:UNB) which was up 3.40% to settle at 3.950 and Methaq (AD:METH) which gained 2.60% to close at 0.790.

The worst performers were Commercial Bank International (AD:CBI) which was down 9.09% to 0.800 in late trade, Natl Bk Of Rak (AD:RAKB) which lost 3.06% to settle at 4.75 and Rak Cement Co (AD:RKCC) which was down 2.99% to 0.650 at the close.

Declining stocks outnumbered rising ones by 18 to 9 and 12 ended unchanged; on the Abu Dhabi, 10 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 1.64% or 0.95 to $58.97 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $63.47 a barrel, while the December Gold Futures contract fell 0.32% or 4.16 to trade at $1288.04 a troy ounce.

USD/AED was down 0.01% to 3.6726, while EUR/AED rose 0.66% to 4.3816.

The US Dollar Index Futures was down 0.34% at 92.72.

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