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United Arab Emirates shares lower at close of trade; DFM General down 0.80%

Published 19/03/2017, 11:15
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.80%
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Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Real Estate & Construction, Consumer Staples and Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.80%, while the ADX General index lost 0.13%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 3.03% or 0.250 points to trade at 8.500 at the close. National Central Cooling Co. (DU:TABR) added 2.17% or 0.040 points to end at 1.880 and Gulf Navigation Holding PJSC (DU:GNAV) was up 2.07% or 0.030 points to 1.480 in late trade.

Biggest losers included Emaar Properties PJSC (DU:EMAR), which lost 2.67% or 0.200 points to trade at 7.290 in late trade. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 1.92% or 0.020 points to end at 1.020 and Drake & Scull International PJSC (DU:DSI) shed 1.90% or 0.009 points to 0.465.

The top performers on the ADX General were Abd Nat Takafu (AD:TKFL) which rose 12.36% to 5.00, Sharjah Islami (AD:SIB) which was up 5.62% to settle at 1.690 and Methaq (AD:METH) which gained 2.44% to close at 0.840.

The worst performers were Bank Of Sharja (AD:BOS) which was down 2.82% to 1.380 in late trade, Abu Dhabi National Hotels Co (AD:ADNH) which lost 2.00% to settle at 2.94 and Aldar Properti (AD:ALDR) which was down 1.27% to 2.330 at the close.

Declining stocks outnumbered rising ones by 20 to 12 and 4 ended unchanged; on the Abu Dhabi, 8 fell and 7 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

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In commodities trading, Crude oil for May delivery was unchanged 0.00% or 0.00 to $49.31 a barrel. Meanwhile, Brent oil for delivery in May fell 0.08% or 0.04 to hit $51.70 a barrel, while the April Gold Futures contract rose 0.15% or 1.90 to trade at $1229.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.28% to 3.9436.

The US Dollar Index Futures was up 0.05% at 100.14.

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