Investing.com – United Arab Emirates stocks were lower after the close on Thursday, as losses in the Services, Real Estate & Construction and Banking sectors led shares lower.
At the close in Dubai, the DFM General fell 0.91% to hit a new 1-month low, while the ADX General index lost 0.74%.
The best performers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 1.69% or 0.010 points to trade at 0.600 at the close. Meanwhile, Emirate Integrated Telecom Co PJSC (DU:DU) added 1.35% or 0.070 points to end at 5.260 and Marka Pjse (DU:MARKA) was up 0.78% or 0.01 points to 1.28 in late trade.
The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 2.05% or 0.030 points to trade at 1.430 at the close. Dubai Islamic Bank (DU:DISB) declined 2.00% or 0.150 points to end at 7.340 and Emaar Properties PJSC (DU:EMAR) was down 1.83% or 0.140 points to 7.490.
The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 15.00% to 5.75, Ad Shipbldg Co (AD:ADSB) which was up 9.20% to settle at 3.80 and Methaq (AD:METH) which gained 1.83% to close at 1.110.
The worst performers were Bank Of Sharja (AD:BOS) which was down 7.14% to 1.56 in late trade, Ad Natl Energy (AD:TAQA) which lost 4.29% to settle at 0.670 and Ad Islamic Bk (AD:ADIB) which was down 3.47% to 5.00 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 8 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 14 fell and 6 advanced, while 2 ended unchanged.
Shares in Ad Shipbldg Co (AD:ADSB) rose to 52-week highs; gaining 9.20% or 0.32 to 3.80.
Crude oil for September delivery was down 0.88% or 0.38 to $42.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.58% or 0.29 to hit $49.89 a barrel, while the December Gold contract fell 0.70% or 7.90 to trade at $1115.70 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.42% to 4.0817.
The US Dollar Index was up 0.38% at 96.65.