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United Arab Emirates stocks lower at close of trade; DFM General down 0.33%

Published 04/16/2018, 07:15 AM
Updated 04/16/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.33%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.33%

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

At the close in Dubai, the DFM General fell 0.33%, while the ADX General index declined 0.37%.

The best performers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU:CBD), which rose 1.33% or 0.050 points to trade at 3.800 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 1.30% or 1.00 points to end at 78.00 and Dubai Financial Market PJSC (DU:DFM) was up 0.99% or 0.010 points to 1.020 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 9.90% or 0.04 points to trade at 0.37 at the close. Gulf General Investments Company (DU:GGIC) declined 2.48% or 0.007 points to end at 0.275 and AJMAN BANK PJSC (DU:AJBNK) was down 1.87% or 0.020 points to 1.050.

The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 10.62% to 1.250, Gulf Cement Co (AD:GCEM) which was up 8.00% to settle at 1.0800 and Gulf Pharm Ind (AD:GPHI) which gained 6.82% to close at 2.350.

The worst performers were United Arab Bk (AD:UAB) which was down 8.70% to 1.050 in late trade, Methaq (AD:METH) which lost 3.66% to settle at 0.790 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 3.17% to 0.6100 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 18 and 5 ended unchanged; on the Abu Dhabi, 15 rose and 11 declined, while 3 ended unchanged.

Shares in Marka Pjse (DU:MARKA) fell to 3-years lows; down 9.90% or 0.04 to 0.37. Shares in United Arab Bk (AD:UAB) fell to all time lows; falling 8.70% or 0.100 to 1.050.

Crude oil for May delivery was down 1.04% or 0.70 to $66.69 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 1.03% or 0.75 to hit $71.83 a barrel, while the June Gold Futures contract fell 0.13% or 1.70 to trade at $1346.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.5411.

The US Dollar Index Futures was down 0.27% at 89.27.

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