United Arab Emirates stocks lower at close of trade; DFM General down 0.97%

Aug 09, 2018

United Arab Emirates stocks were lower after the close on Thursday, as losses in the Consumer Staples, Banking and Real Estate&Construction sectors led shares lower.

At the close in Dubai, the DFM General declined 0.97%, while the ADX General index fell 1.09%.

The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 3.17% or 0.030 points to trade at 0.977 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 1.28% or 0.012 points to end at 0.952 and Dubai Financial Market PJSC (DU:DFM) was up 1.14% or 0.011 points to 0.979 in late trade.

The worst performers of the session were Drake&Scull International PJSC (DU:DSI), which fell 9.93% or 0.055 points to trade at 0.499 at the close. Takaful Emarat PSC (DU:TKFE) declined 4.02% or 0.080 points to end at 1.910 and Takaful House (DU:DTKF) was down 3.24% or 0.022 points to 0.658.

The top performers on the ADX General were Nat Bk Qaiwain (AD:NBQ) which rose 12.70% to 2.75, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 9.80% to settle at 0.560 and Union Natl Bk (AD:UNB) which gained 3.78% to close at 3.840.

The worst performers were Aldar Properti (AD:ALDR) which was down 2.53% to 1.930 in late trade, First Abu Dhabi Bank PJSC (AD:FAB) which lost 2.44% to settle at 14.00 and Ad Commercial (AD:ADCB) which was down 1.54% to 7.04 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 23 to 8 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged.

Shares in Drake&Scull International PJSC (DU:DSI) fell to 5-year lows; losing 9.93% or 0.055 to 0.499. Shares in Aldar Properti (AD:ALDR) fell to 52-week lows; falling 2.53% or 0.050 to 1.930.

Crude oil for September delivery was down 0.07% or 0.05 to $66.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.07% or 0.05 to hit $72.33 a barrel, while the December Gold Futures contract rose 0.08% or 1.00 to trade at $1222.00 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.14% to 4.2592.

The US Dollar Index Futures was up 0.15% at 95.09.