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United Arab Emirates stocks lower at close of trade; DFM General down 0.70%

Published 09/17/2017, 07:15 AM
Updated 09/17/2017, 09:45 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.70%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.70%

Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the Finance & Investment, Real Estate & Construction and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General fell 0.70%, while the ADX General index fell 0.77%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 3.54% or 0.070 points to trade at 2.050 at the close. Meanwhile, Emirate Integrated Telecom Co PJSC (DU:DU) unchanged 0.00% or 0.000 points to end at 5.580 and Dubai Islamic Bank (DU:DISB) was unchanged 0.00% or 0.000 points to 6.190 in late trade.

The worst performers of the session were SHUAA Capital PSC (DU:SHUA), which fell 3.36% or 0.040 points to trade at 1.150 at the close. Amlak Finance PJSC (DU:AMLK) declined 2.73% or 0.030 points to end at 1.070 and Takaful House (DU:DTKF) was down 1.90% or 0.020 points to 1.030.

The top performers on the ADX General were Rak Ceramics (AD:RKCE) which rose 5.06% to 2.490, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 4.44% to settle at 0.470 and International Holding Company PJSC (AD:IHC) which gained 2.76% to close at 1.49.

The worst performers were Dana Gas (AD:DANA) which was down 6.02% to 0.780 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 5.95% to settle at 0.7900 and Abu Dhabi National Hotels Co (AD:ADNH) which was down 5.00% to 2.85 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 29 to 2 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 6 advanced, while 6 ended unchanged.

Crude oil for November delivery was unchanged 0.00% or 0.00 to $50.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.07% or 0.04 to hit $55.51 a barrel, while the December Gold Futures contract fell 0.29% or 3.88 to trade at $1325.42 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.23% to 4.3878.

The US Dollar Index Futures was unchanged 0.00% at 91.65.

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