Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Finance & Investment, Real Estate & Construction and Banking sectors propelled shares lower.
At the close in Dubai, the DFM General declined 3.22% to hit a new 3-month low, while the ADX General index declined 1.37%.
The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 6.75% or 0.110 points to trade at 1.630 at the close. National Cement Company P.S.C. (DU:NCC) added 2.95% or 0.100 points to end at 3.490 and Mashreqbank PSC (DU:MASB) was unchanged 0.00% or 0.00 points to 117.00 in late trade.
Biggest losers included Gulf General Investments Company (DU:GGIC), which lost 5.86% or 0.047 points to trade at 0.755 in late trade. Emaar Properties PJSC (DU:EMAR) declined 5.20% or 0.370 points to end at 6.740 and AJMAN BANK PJSC (DU:AJBNK) shed 4.79% or 0.090 points to 1.790.
The top performers on the ADX General were Arkan Bld Mt C (AD:ARKN) which rose 5.05% to 1.04, Sharjah Cement AD (AD:SCID) which was up 5.00% to settle at 1.05 and Gulf Cement Co (AD:GCEM) which gained 2.04% to close at 1.00.
The worst performers were Union Cement (AD:UCC) which was down 8.33% to 1.10 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 6.95% to settle at 2.59 and Dana Gas (AD:DANA) which was down 5.66% to 0.500 at the close.
Declining stocks outnumbered rising ones by 26 to 2; on the Abu Dhabi, 22 fell and 4 advanced, while 2 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for October delivery was down 0.96% or 0.40 to $40.88 a barrel. Meanwhile, Brent oil for delivery in October fell 1.26% or 0.59 to hit $46.56 a barrel, while the December Gold contract rose 0.93% or 10.50 to trade at $1138.40 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.47% to 4.1048.
The US Dollar Index was down 0.22% at 96.21.