United Arab Emirates stocks lower at close of trade; DFM General down 0.28%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.28%© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.28%

Investing.com – United Arab Emirates stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower.

At the close in Dubai, the fell 0.28%, while the index declined 0.10%.

The best performers of the session on the were Takaful House (DU:), which rose 14.93% or 0.100 points to trade at 0.770 at the close. Meanwhile, Air Arabia PJSC (DU:) added 1.94% or 0.020 points to end at 1.050 and Dubai Islamic Insurance Co. (DU:) was up 1.60% or 0.011 points to 0.699 in late trade.

The worst performers of the session were National Central Cooling Co. (DU:), which fell 3.83% or 0.070 points to trade at 1.760 at the close. Dubai Investments PJSC (DU:) declined 2.94% or 0.060 points to end at 1.980 and Emaar Development PJSC (DU:) was down 1.95% or 0.100 points to 5.040.

The top performers on the ADX General were Sharjah Islami (AD:) which rose 3.36% to 1.230, Sharjah Group Co (AD:) which was up 2.27% to settle at 1.35 and Dana Gas (AD:) which gained 1.96% to close at 1.040.

The worst performers were Rak Cmt & Cons (AD:) which was down 9.80% to 0.920 in late trade, Gulf Cement Co (AD:) which lost 6.80% to settle at 0.9600 and Ad Natl Energy (AD:) which was down 4.76% to 1.200 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 7 and 1 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 6 ended unchanged.

Crude oil for August delivery was up 0.50% or 0.35 to $70.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.99% or 0.73 to hit $74.13 a barrel, while the August Gold Futures contract fell 0.11% or 1.40 to trade at $1243.00 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.11% to 4.2838.

The US Dollar Index Futures was up 0.21% at 94.68.

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