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United Arab Emirates shares lower at close of trade; DFM General down 1.80%

Published 2016-05-02, 07:15 a/m
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 1.80%
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Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Finance & Investment, Real Estate & Construction and Insurance sectors propelled shares lower.

At the close in Dubai, the DFM General lost 1.80%, while the ADX General index lost 0.81%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 4.00% or 3.00 points to trade at 78.00 at the close. AJMAN BANK PJSC (DU:AJBNK) added 1.52% or 0.030 points to end at 2.000 and Dubai Islamic Insurance Co. (DU:AMAN) was up 1.14% or 0.007 points to 0.619 in late trade.

Biggest losers included Dubai Investments PJSC (DU:DINV), which lost 5.07% or 0.110 points to trade at 2.060 in late trade. Gulf General Investments Company (DU:GGIC) declined 4.41% or 0.030 points to end at 0.650 and Drake & Scull International PJSC (DU:DSI) shed 4.31% or 0.024 points to 0.533.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 2.17% to 0.470, Agthia Group (AD:AGTH) which was up 2.10% to settle at 7.77 and Bank Of Sharja (AD:BOS) which gained 1.52% to close at 1.34.

The worst performers were Int Fish Farmi (AD:ASMK) which was down 9.91% to 6.82 in late trade, Dana Gas (AD:DANA) which lost 5.26% to settle at 0.540 and Methaq (AD:METH) which was down 3.61% to 0.800 at the close.

Declining stocks outnumbered rising ones by 25 to 6 and 4 ended unchanged; on the Abu Dhabi, 14 fell and 5 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.09% or 0.04 to $45.88 a barrel. Meanwhile, Brent oil for delivery in July fell 0.40% or 0.19 to hit $47.18 a barrel, while the June Gold contract rose 0.80% or 10.35 to trade at $1300.85 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.24% to 4.2173.

The US Dollar Index was down 0.15% at 92.88.

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