United Arab Emirates stocks lower at close of trade; DFM General down 0.69%

Investing.com – United Arab Emirates stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower.

At the close in Dubai, the fell 0.69%, while the index fell 0.91%.

The best performers of the session on the were Commercial Bank of Dubai P.S.C. (DU:), which rose 2.50% or 0.150 points to trade at 6.150 at the close. Meanwhile, Takaful Emarat PSC (DU:) added 2.41% or 0.040 points to end at 1.700 and Union Properties PJSC (DU:) was up 1.50% or 0.010 points to 0.675 in late trade.

The worst performers of the session were Emaar Malls Group (DU:), which fell 3.49% or 0.09 points to trade at 2.49 at the close. Drake & Scull International PJSC (DU:) declined 3.21% or 0.011 points to end at 0.332 and SHUAA Capital PSC (DU:) was down 2.78% or 0.010 points to 0.350.

The top performers on the ADX General were Abd Nat Takafu (AD:) which rose 15.00% to 4.60, Finance House (AD:) which was up 2.56% to settle at 2.00 and Dana Gas (AD:) which gained 2.22% to close at 0.460.

The worst performers were Ad Natl Ins Co (AD:) which was down 10.00% to 2.61 in late trade, Invest Bank AD (AD:) which lost 5.63% to settle at 1.51 and Agthia Group (AD:) which was down 4.42% to 6.92 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 5 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 14 fell and 8 advanced, while 7 ended unchanged.

Shares in Ad Natl Ins Co (AD:) fell to all time lows; losing 10.00% or 0.29 to 2.61.

Crude oil for March delivery was down 2.25% or 0.71 to $31.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.96% or 0.33 to hit $34.13 a barrel, while the April Gold contract rose 1.45% or 16.80 to trade at $1174.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.49% to 4.0987.

The US Dollar Index was up 0.48% at 96.98.

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