Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Insurance, Real Estate & Construction and Transport sectors propelled shares lower.
At the close in Dubai, the DFM General declined 0.04%, while the ADX General index fell 0.05%.
The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 2.28% or 0.015 points to trade at 0.673 at the close. Deyaar Development PJSC (DU:DEYR) added 1.92% or 0.016 points to end at 0.850 and Emirates NBD PJSC (DU:ENBD) was up 1.42% or 0.150 points to 10.750 in late trade.
Biggest losers included National Cement Company P.S.C. (DU:NCC), which lost 5.00% or 0.200 points to trade at 3.800 in late trade. Islamic Arab Insurance Company (DU:SALAMA) declined 3.78% or 0.025 points to end at 0.637 and Takaful Emarat PSC (DU:TKFE) shed 3.26% or 0.060 points to 1.780.
The top performers on the ADX General were Gulf Cement Co (AD:GCEM) which rose 14.56% to 1.18, Methaq (AD:METH) which was up 5.26% to settle at 1.000 and Natl Co Bldg M (AD:BILD) which gained 4.92% to close at 0.640.
The worst performers were Arkan Bld Mt C (AD:ARKN) which was down 4.55% to 1.05 in late trade, Al-Qaiwain Cmn (AD:QCEM) which lost 3.51% to settle at 1.10 and Dana Gas (AD:DANA) which was down 3.28% to 0.590 at the close.
Declining stocks outnumbered rising ones by 14 to 12; on the Abu Dhabi, 14 rose and 10 declined, while 1 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was up 0.53% or 0.26 to $49.45 a barrel. Meanwhile, Brent oil for delivery in September rose 0.15% or 0.09 to hit $56.22 a barrel, while the August Gold contract rose 0.29% or 3.20 to trade at $1094.70 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.28% to 4.0266.
The US Dollar Index was down 0.20% at 97.42.