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United Arab Emirates shares lower at close of trade; DFM General down 2.19%

Published 28/06/2015, 12:15
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 2.19%
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Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Services, Real Estate & Construction and Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General fell 2.19%, while the ADX General index fell 0.87%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 0.31% or 0.001 points to trade at 0.321 at the close. Emirates NBD PJSC (DU:ENBD) unchanged 0.00% or 0.000 points to end at 9.670 and Mashreqbank PSC (DU:MASB) was unchanged 0.00% or 0.00 points to 118.00 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 5.86% or 0.038 points to trade at 0.610 in late trade. Dubai Financial Market PJSC (DU:DFM) declined 5.31% or 0.110 points to end at 1.960 and Arabtec Holding PJSC (DU:ARTC) shed 5.15% or 0.140 points to 2.580.

The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 1.26% to 1.61, Natl Bk Of Ad (AD:NBAD) which was up 0.95% to settle at 10.65 and Agthia Group (AD:AGTH) which gained 0.14% to close at 7.30.

The worst performers were Ad Natl Energy (AD:TAQA) which was down 5.97% to 0.630 in late trade, Methaq (AD:METH) which lost 4.23% to settle at 0.680 and Arkan Bld Mt C (AD:ARKN) which was down 3.67% to 1.05 at the close.

Declining stocks outnumbered rising ones by 26 to 1; on the Abu Dhabi, 18 fell and 3 advanced, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.11% or 0.07 to $59.63 a barrel. Meanwhile, Brent oil for delivery in August fell 0.03% or 0.02 to hit $63.18 a barrel, while the August Gold contract rose 0.26% or 3.00 to trade at $1174.80 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.38% to 4.1004.

The US Dollar Index was up 0.24% at 95.60.

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