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United Arab Emirates stocks lower at close of trade; DFM General down 0.25%

Published 12/03/2017, 06:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.25%
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Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Finance & Investment, Real Estate & Construction and Services sectors led shares lower.

At the close in Dubai, the DFM General declined 0.25%, while the ADX General index declined 0.28%.

The best performers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 4.37% or 0.080 points to trade at 1.910 at the close. Meanwhile, ARAMEX PJSC (DU:ARMX) added 4.04% or 0.190 points to end at 4.890 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 2.96% or 0.019 points to 0.660 in late trade.

The worst performers of the session were Dubai Investments PJSC (DU:DINV), which fell 2.38% or 0.060 points to trade at 2.460 at the close. Marka Pjse (DU:MARKA) declined 2.36% or 0.01 points to end at 0.62 and SHUAA Capital PSC (DU:SHUA) was down 1.77% or 0.020 points to 1.110.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 2.38% to 0.430, Bank Of Sharja (AD:BOS) which was up 1.67% to settle at 1.220 and Emirates Telec (AD:ETEL) which gained 0.92% to close at 16.40.

The worst performers were Al Ain Ahlia Insurance Co PSC (AD:AAIC) which was down 6.98% to 38.00 in late trade, Abu Dhabi National Hotels Co (AD:ADNH) which lost 5.26% to settle at 2.70 and Dana Gas (AD:DANA) which was down 2.78% to 0.700 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 0 to 0; on the Abu Dhabi, 0 fell and 0 advanced.

Shares in Marka Pjse (DU:MARKA) fell to all time lows; falling 2.36% or 0.01 to 0.62. Shares in Al Ain Ahlia Insurance Co PSC (AD:AAIC) fell to 52-week lows; down 6.98% or 2.85 to 38.00.

Crude oil for January delivery was up 1.57% or 0.90 to $58.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.58% or 0.99 to hit $63.62 a barrel, while the December Gold Futures contract rose 0.51% or 6.50 to trade at $1279.70 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.14% to 4.3677.

The US Dollar Index Futures was down 0.17% at 92.81.

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