Investing.com – United Arab Emirates stocks were lower after the close on Monday, as losses in the Finance & Investment, Real Estate & Construction and Consumer Staples sectors led shares lower.
At the close in Dubai, the DFM General declined 2.09% to hit a new 52-week low, while the ADX General index lost 0.29%.
The best performers of the session on the DFM General were National Cement Company P.S.C. (DU:NCC), which rose 3.70% or 0.100 points to trade at 2.800 at the close. Meanwhile, Takaful House (DU:DTKF) added 3.20% or 0.021 points to end at 0.677 and Emirate Integrated Telecom Co PJSC (DU:DU) was up 0.82% or 0.040 points to 4.900 in late trade.
The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 10.00% or 0.100 points to trade at 0.900 at the close. Union Properties PJSC (DU:UPRO) declined 6.49% or 0.050 points to end at 0.720 and Arabtec Holding PJSC (DU:ARTC) was down 5.61% or 0.120 points to 2.020.
The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 11.39% to 2.250, Waha Capital (AD:WAHA) which was up 2.27% to settle at 1.800 and Gulf Cement Co (AD:GCEM) which gained 2.13% to close at 0.9600.
The worst performers were Ad Natl Energy (AD:TAQA) which was down 3.39% to 1.140 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 3.28% to settle at 0.5900 and Dana Gas (AD:DANA) which was down 2.80% to 1.040 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 29 to 9 and 1 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 6 ended unchanged.
Shares in Drake & Scull International PJSC (DU:DSI) fell to 52-week lows; losing 10.00% or 0.100 to 0.900. Shares in Union Properties PJSC (DU:UPRO) fell to 52-week lows; falling 6.49% or 0.050 to 0.720. Shares in Arkan Building Materials Co PJSC (AD:ARKN) fell to all time lows; down 3.28% or 0.0200 to 0.5900.
Crude oil for August delivery was up 0.29% or 0.20 to $68.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.53% or 1.15 to hit $74.17 a barrel, while the August Gold Futures contract fell 0.13% or 1.60 to trade at $1269.10 a troy ounce.
USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.08% to 4.2864.
The US Dollar Index Futures was down 0.04% at 94.15.