Investing.com – United Arab Emirates stocks were lower after the close on Monday, as losses in the Real Estate & Construction, Services and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General lost 1.05%, while the ADX General index declined 0.01%.
The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 5.63% or 0.090 points to trade at 1.690 at the close. Meanwhile, ARAMEX PJSC (DU:ARMX) added 1.54% or 0.050 points to end at 3.300 and Emirate Integrated Telecom Co PJSC (DU:DU) was up 1.20% or 0.060 points to 5.040 in late trade.
The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 4.28% or 0.019 points to trade at 0.425 at the close. Arabtec Holding PJSC (DU:ARTC) declined 4.13% or 0.050 points to end at 1.160 and National Central Cooling Co. (DU:TABR) was down 3.54% or 0.040 points to 1.090.
The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 11.73% to 5.43, Rak Ceramics (AD:RKCE) which was up 2.64% to settle at 3.50 and Agthia Group (AD:AGTH) which gained 2.63% to close at 7.80.
The worst performers were Invest Bank AD (AD:INVB) which was down 7.32% to 1.90 in late trade, Natl Co Bldg M (AD:BILD) which lost 6.38% to settle at 0.440 and Rak Cement Co (AD:RKCC) which was down 4.44% to 0.860 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 5; on the Abu Dhabi Stock Exchange, 13 rose and 11 declined, while 2 ended unchanged.
Shares in Invest Bank AD (AD:INVB) fell to 52-week lows; down 7.32% or 0.15 to 1.90.
Crude oil for January delivery was down 3.02% or 1.26 to $40.63 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 1.82% or 0.81 to hit $43.84 a barrel, while the December Gold contract fell 0.71% or 7.60 to trade at $1068.70 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.09% to 3.9046.
The US Dollar Index was up 0.22% at 99.87.