Investing.com – United Arab Emirates stocks were lower after the close on Monday, as losses in the Telecoms, Consumer Staples and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General lost 0.05%, while the ADX General index lost 0.18%.
The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 6.39% or 0.056 points to trade at 0.932 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 2.63% or 0.011 points to end at 0.430 and Islamic Arab Insurance Company (DU:SALAMA) was up 1.63% or 0.010 points to 0.625 in late trade.
The worst performers of the session were Union Properties PJSC (DU:UPRO), which fell 1.65% or 0.020 points to trade at 1.190 at the close. Emaar Malls Group (DU:EMAA) declined 1.51% or 0.05 points to end at 3.26 and National Central Cooling Co. (DU:TABR) was down 1.33% or 0.020 points to 1.500.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.80% to 2.80, Methaq (AD:METH) which was up 1.96% to settle at 1.040 and Union Natl Bk (AD:UNB) which gained 1.56% to close at 7.15.
The worst performers were Ad Aviation (AD:ADAV) which was down 5.00% to 2.85 in late trade, Gulf Cement Co (AD:GCEM) which lost 4.63% to settle at 1.03 and Rak Cement Co (AD:RKCC) which was down 4.44% to 0.860 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 11 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 16 fell and 8 advanced, while 1 ended unchanged.
Crude oil for September delivery was down 1.55% or 0.74 to $47.40 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.93% or 1.05 to hit $53.56 a barrel, while the December Gold contract rose 0.37% or 4.00 to trade at $1090.00 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.86% to 4.0663.
The US Dollar Index was down 0.64% at 96.72.