Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Banking, Services and Insurance sectors propelled shares lower.
At the close in Dubai, the DFM General declined 0.72%, while the ADX General index fell 1.86%.
The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 1.89% or 0.009 points to trade at 0.484 at the close. Emaar Properties PJSC (DU:EMAR) added 1.84% or 0.110 points to end at 6.100 and Emirate Integrated Telecom Co PJSC (DU:DU) was up 1.63% or 0.100 points to 6.250 in late trade.
Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 7.58% or 0.150 points to trade at 1.830 in late trade. Dubai Islamic Bank (DU:DISB) declined 6.64% or 0.430 points to end at 6.050 and National Central Cooling Co. (DU:TABR) shed 3.36% or 0.040 points to 1.150.
The top performers on the ADX General were Rak Cmt & Cons (AD:RAKC) which rose 14.66% to 1.33, Int Fish Farmi (AD:ASMK) which was up 5.74% to settle at 7.00 and Natl Bk Of Ad (AD:NBAD) which gained 2.16% to close at 8.99.
The worst performers were Abd Nat Takafu (AD:TKFL) which was down 10.00% to 4.77 in late trade, Gulf Cement Co (AD:GCEM) which lost 8.08% to settle at 0.91 and Foodco Holding PJSC (AD:FOOD) which was down 6.17% to 3.80 at the close.
Advancing stocks outnumbered falling ones by 13 to 12 and 5 ended unchanged; on the Abu Dhabi, 20 fell and 6 advanced, while 3 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for April delivery was down 0.76% or 0.29 to $38.00 a barrel. Meanwhile, Brent oil for delivery in May fell 1.17% or 0.48 to hit $40.59 a barrel, while the April Gold contract fell 0.69% or 8.70 to trade at $1248.70 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.30% to 4.0300.
The US Dollar Index was up 0.22% at 97.40.