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United Arab Emirates stocks lower at close of trade; DFM General down 0.61%
Published Aug 27, 2017 07:15AM ET
© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.61%
Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Transport, Real Estate & Construction and Consumer Staples sectors led shares lower.
At the close in Dubai, the DFM General fell 0.61%, while the ADX General index declined 0.31%.
The best performers of the session on the DFM General were Amlak Finance PJSC (DU:AMLK), which rose 0.89% or 0.010 points to trade at 1.130 at the close. Meanwhile, Dubai Investments PJSC (DU:DINV) added 0.85% or 0.020 points to end at 2.370 and Islamic Arab Insurance Company (DU:SALAMA) was up 0.21% or 0.001 points to 0.477 in late trade.
The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 9.52% or 0.300 points to trade at 2.850 at the close. Gulf Navigation Holding PJSC (DU:GNAV) declined 4.41% or 0.060 points to end at 1.300 and SHUAA Capital PSC (DU:SHUA) was down 3.23% or 0.040 points to 1.200.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 13.53% to 2.350, Ad Natl Energy (AD:TAQA) which was up 3.33% to settle at 0.620 and Rak Ceramics (AD:RKCE) which gained 1.59% to close at 2.550.
The worst performers were Rak Cement Co (AD:RKCC) which was down 3.95% to 0.730 in late trade, Union Cement (AD:UCC) which lost 3.85% to settle at 1.250 and Agthia Group (AD:AGTH) which was down 3.33% to 5.22 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 7 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 7 ended unchanged.
Shares in National Cement Company P.S.C. (DU:NCC) fell to 3-years lows; down 9.52% or 0.300 to 2.850.
Crude oil for October delivery was up 0.93% or 0.44 to $47.87 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November unchanged 0.00% or 0.00 to hit $51.98 a barrel, while the December Gold Futures contract rose 0.30% or 3.92 to trade at $1295.92 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 1.04% to 4.3791.
The US Dollar Index Futures was down 0.82% at 92.47.
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