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United Arab Emirates stocks lower at close of trade; DFM General down 0.31%

Published 10/29/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.31%
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Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Finance & Investment, Insurance and Services sectors led shares lower.

At the close in Dubai, the DFM General declined 0.31%, while the ADX General index lost 0.11%.

The best performers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU:CBD), which rose 2.05% or 0.080 points to trade at 3.980 at the close. Meanwhile, Arabtec Holding PJSC (DU:ARTC) added 1.02% or 0.030 points to end at 2.980 and Air Arabia PJSC (DU:AIRA) was unchanged 0.00% or 0.000 points to 1.230 in late trade.

The worst performers of the session were SHUAA Capital PSC (DU:SHUA), which fell 2.73% or 0.030 points to trade at 1.070 at the close. Drake & Scull International PJSC (DU:DSI) declined 2.40% or 0.050 points to end at 2.030 and Gulf General Investments Company (DU:GGIC) was down 1.67% or 0.007 points to 0.412.

The top performers on the ADX General were Green Crs Ins (AD:GCIC) which rose 13.04% to 0.780, Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) which was up 7.84% to settle at 3.30 and Finance House (AD:FH) which gained 5.29% to close at 1.790.

The worst performers were Invest Bank AD (AD:INVB) which was down 10.00% to 1.980 in late trade, Rak Cmt & Cons (AD:RAKC) which lost 9.09% to settle at 1.000 and Gulf Pharm Ind (AD:GPHI) which was down 5.71% to 2.310 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 21 to 9 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 6 ended unchanged.

Shares in Invest Bank AD (AD:INVB) fell to 52-week lows; losing 10.00% or 0.220 to 1.980.

Crude oil for December delivery was up 2.91% or 1.53 to $54.17 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.23% or 1.32 to hit $60.62 a barrel, while the December Gold Futures contract rose 0.51% or 6.46 to trade at $1276.06 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.39% to 4.2634.

The US Dollar Index Futures was up 0.18% at 94.72.

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