United Arab Emirates stocks lower at close of trade; DFM General down 1.05%

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© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.05%© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 1.05%

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

At the close in Dubai, the fell 1.05%, while the index declined 0.56%.

The best performers of the session on the were Takaful Emarat PSC (DU:), which rose 2.62% or 0.050 points to trade at 1.960 at the close. Meanwhile, Emaar Malls (DU:) added 0.48% or 0.010 points to end at 2.080 and Gulf Navigation Holding PJSC (DU:) was up 0.21% or 0.002 points to 0.954 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:), which fell 5.61% or 0.028 points to trade at 0.471 at the close. Damac Properties Dubai Co PSC (DU:) declined 3.14% or 0.070 points to end at 2.160 and Dubai Islamic Insurance Co. (DU:) was down 2.90% or 0.020 points to 0.670.

The top performers on the ADX General were Foodco Holding PJSC (AD:) which rose 6.32% to 3.70, Agthia Group (AD:) which was up 3.96% to settle at 4.99 and Aldar Properti (AD:) which gained 0.52% to close at 1.940.

The worst performers were Finance House (AD:) which was down 8.98% to 1.520 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:) which lost 5.36% to settle at 0.530 and Ad Natl Energy (AD:) which was down 5.00% to 1.140 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 23 to 9 and 4 ended unchanged; on the Abu Dhabi, 18 fell and 5 advanced, while 5 ended unchanged.

Shares in Drake & Scull International PJSC (DU:) fell to all time lows; losing 5.61% or 0.028 to 0.471.

Crude oil for September delivery was up 1.45% or 0.97 to $67.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.25% or 0.90 to hit $72.97 a barrel, while the December Gold Futures contract fell 0.06% or 0.70 to trade at $1219.20 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 1.04% to 4.1907.

The US Dollar Index Futures was up 0.76% at 96.19.

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