Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Services, Insurance and Banking sectors propelled shares lower.
At the close in Dubai, the DFM General declined 1.44% to hit a new 6-month low, while the ADX General index lost 0.51%.
The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 9.09% or 0.150 points to trade at 1.800 at the close. Dubai Financial Market PJSC (DU:DFM) added 4.03% or 0.060 points to end at 1.550 and Emirate Integrated Telecom Co PJSC (DU:DU) was up 2.25% or 0.110 points to 4.990 in late trade.
Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 10.00% or 0.062 points to trade at 0.558 in late trade. SHUAA Capital PSC (DU:SHUA) declined 9.05% or 0.045 points to end at 0.452 and Deyaar Development PJSC (DU:DEYR) shed 6.07% or 0.040 points to 0.619.
The top performers on the ADX General were Aldar Properti (AD:ALDR) which rose 3.40% to 2.13, Agthia Group (AD:AGTH) which was up 2.64% to settle at 7.39 and Natl Co Bldg M (AD:BILD) which gained 1.92% to close at 0.530.
The worst performers were Union Cement (AD:UCC) which was down 10.00% to 0.99 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 10.00% to settle at 3.33 and Methaq (AD:METH) which was down 9.89% to 0.820 at the close.
Declining stocks outnumbered rising ones by 23 to 5; on the Abu Dhabi, 19 fell and 8 advanced, while 2 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for October delivery was down 3.52% or 1.43 to $39.02 a barrel. Meanwhile, Brent oil for delivery in October fell 3.76% or 1.71 to hit $43.75 a barrel, while the December Gold contract fell 0.50% or 5.80 to trade at $1153.80 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.88% to 4.2185.
The US Dollar Index was down 0.74% at 94.14.