Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Telecoms, Consumer Staples and Real Estate & Construction sectors propelled shares lower.
At the close in Dubai, the DFM General fell 0.05%, while the ADX General index fell 0.18%.
The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 6.39% or 0.056 points to trade at 0.932 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 2.63% or 0.011 points to end at 0.430 and Islamic Arab Insurance Company (DU:SALAMA) was up 1.63% or 0.010 points to 0.625 in late trade.
Biggest losers included Union Properties PJSC (DU:UPRO), which lost 1.65% or 0.020 points to trade at 1.190 in late trade. Emaar Malls Group (DU:EMAA) declined 1.51% or 0.05 points to end at 3.26 and National Central Cooling Co. (DU:TABR) shed 1.33% or 0.020 points to 1.500.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.80% to 2.80, Methaq (AD:METH) which was up 1.96% to settle at 1.040 and Union Natl Bk (AD:UNB) which gained 1.56% to close at 7.15.
The worst performers were Ad Aviation (AD:ADAV) which was down 5.00% to 2.85 in late trade, Gulf Cement Co (AD:GCEM) which lost 4.63% to settle at 1.03 and Rak Cement Co (AD:RKCC) which was down 4.44% to 0.860 at the close.
Declining stocks outnumbered rising ones by 14 to 11 and 2 ended unchanged; on the Abu Dhabi, 16 fell and 8 advanced, while 1 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 1.62% or 0.78 to $47.36 a barrel. Meanwhile, Brent oil for delivery in September fell 2.03% or 1.11 to hit $53.51 a barrel, while the December Gold contract rose 0.35% or 3.80 to trade at $1089.80 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.86% to 4.0663.
The US Dollar Index was down 0.62% at 96.74.