Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Services, Real Estate & Construction and Banking sectors propelled shares lower.
At the close in Dubai, the DFM General declined 0.91% to hit a new 1-month low, while the ADX General index fell 0.74%.
The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 1.69% or 0.010 points to trade at 0.600 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) added 1.35% or 0.070 points to end at 5.260 and Marka Pjse (DU:MARKA) was up 0.78% or 0.01 points to 1.28 in late trade.
Biggest losers included National Central Cooling Co. (DU:TABR), which lost 2.05% or 0.030 points to trade at 1.430 in late trade. Dubai Islamic Bank (DU:DISB) declined 2.00% or 0.150 points to end at 7.340 and Emaar Properties PJSC (DU:EMAR) shed 1.83% or 0.140 points to 7.490.
The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 15.00% to 5.75, Ad Shipbldg Co (AD:ADSB) which was up 9.20% to settle at 3.80 and Methaq (AD:METH) which gained 1.83% to close at 1.110.
The worst performers were Bank Of Sharja (AD:BOS) which was down 7.14% to 1.56 in late trade, Ad Natl Energy (AD:TAQA) which lost 4.29% to settle at 0.670 and Ad Islamic Bk (AD:ADIB) which was down 3.47% to 5.00 at the close.
Declining stocks outnumbered rising ones by 18 to 8 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 6 advanced, while 2 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 0.81% or 0.35 to $42.95 a barrel. Meanwhile, Brent oil for delivery in October fell 0.57% or 0.28 to hit $49.90 a barrel, while the December Gold contract fell 0.69% or 7.80 to trade at $1115.80 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.42% to 4.0817.
The US Dollar Index was up 0.36% at 96.63.