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United Arab Emirates stocks lower at close of trade; DFM General down 0.09%

Published 2015-08-17, 07:15 a/m
Updated 2015-08-17, 07:15 a/m
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.09%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.09%

Investing.com – United Arab Emirates stocks were lower after the close on Monday, as losses in the Consumer Staples, Transport and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General declined 0.09% to hit a new 1-month low, while the ADX General index lost 0.85%.

The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 2.37% or 0.050 points to trade at 2.160 at the close. Meanwhile, AJMAN BANK PJSC (DU:AJBNK) added 2.13% or 0.040 points to end at 1.920 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.90% or 0.008 points to 0.430 in late trade.

The worst performers of the session were Takaful House (DU:DTKF), which fell 4.78% or 0.029 points to trade at 0.578 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.06% or 0.018 points to end at 0.570 and Takaful Emarat PSC (DU:TKFE) was down 1.69% or 0.030 points to 1.750.

The top performers on the ADX General were Arkan Bld Mt C (AD:ARKN) which rose 7.84% to 1.10, Agthia Group (AD:AGTH) which was up 2.63% to settle at 7.80 and Rak Cement Co (AD:RKCC) which gained 2.25% to close at 0.910.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 9.43% to 4.80 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 4.40% to settle at 2.61 and First Gulf Bk (AD:FGB) which was down 2.03% to 14.50 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 10 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 11 fell and 9 advanced, while 2 ended unchanged.

Shares in Ad Natl Ins Co (AD:ADNI) fell to all time lows; falling 9.43% or 0.50 to 4.80.

Crude oil for October delivery was down 1.51% or 0.65 to $42.46 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.45% or 0.22 to hit $48.97 a barrel, while the December Gold contract rose 0.26% or 2.90 to trade at $1115.60 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.23% to 4.0719.

The US Dollar Index was up 0.24% at 96.83.

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