Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Real Estate & Construction, Finance & Investment and Banking sectors propelled shares lower.
At the close in Dubai, the DFM General lost 3.42%, while the ADX General index fell 3.16%.
The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 1.45% or 0.030 points to trade at 2.100 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) added 0.59% or 0.030 points to end at 5.110 and Dubai National Insurance (DU:DNIN) was unchanged 0.00% or 0.000 points to 2.400 in late trade.
Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 5.73% or 0.090 points to trade at 1.480 in late trade. SHUAA Capital PSC (DU:SHUA) declined 5.61% or 0.022 points to end at 0.370 and Emirates NBD PJSC (DU:ENBD) shed 5.41% or 0.400 points to 7.000.
The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 14.78% to 5.67, Ad Shipbldg Co (AD:ADSB) which was up 11.94% to settle at 3.00 and Natl Bk Of Rak (AD:RAKB) which gained 0.82% to close at 6.15.
The worst performers were Rak Cement Co (AD:RKCC) which was down 7.78% to 0.830 in late trade, Ad Commercial (AD:ADCB) which lost 7.23% to settle at 6.03 and Natl Co Bldg M (AD:BILD) which was down 6.98% to 0.400 at the close.
Declining stocks outnumbered rising ones by 24 to 2 and 1 ended unchanged; on the Abu Dhabi, 19 fell and 3 advanced, while 2 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for February delivery was down 2.37% or 0.81 to $33.16 a barrel. Meanwhile, Brent oil for delivery in February fell 1.69% or 0.58 to hit $33.65 a barrel, while the February Gold contract rose 0.50% or 5.50 to trade at $1097.40 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.58% to 3.9839.
The US Dollar Index was down 0.39% at 98.89.