United Arab Emirates shares higher at close of trade; DFM General up 0.19%

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United Arab Emirates shares higher at close of trade; DFM General up 0.19%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Consumer Staples , Banking and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.19%, while the ADX General index added 0.49%.

The biggest gainers of the session on the DFM General were Dubai Islamic Bank (DU: DISB ), which rose 2.40% or 0.120 points to trade at 5.120 at the close. Emaar Malls Group (DU: EMAA ) added 1.47% or 0.040 points to end at 2.760 and Union Properties PJSC (DU: UPRO ) was up 1.10% or 0.008 points to 0.735 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 1.44% or 0.020 points to trade at 1.370 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 1.37% or 0.008 points to end at 0.577 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 1.24% or 0.030 points to 2.380.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 6.97% to 6.75, Natl Bk Of Ad (AD: NBAD ) which was up 2.92% to settle at 8.10 and Natl Bk Of Rak (AD: RAKB ) which gained 1.96% to close at 5.20.

The worst performers were Ad Natl Ins Co (AD: ADNI ) which was down 2.91% to 2.000 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 1.25% to settle at 0.7900 and National Marine Dredging PSC (AD: NMDC ) which was down 0.91% to 5.450 at the close.

Declining stocks outnumbered rising ones by 15 to 8 and 9 ended unchanged; on the Abu Dhabi, 13 fell and 11 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.31% or 0.64 to $48.24 a barrel. Meanwhile, Brent oil for delivery in August fell 1.31% or 0.66 to hit $49.69 a barrel, while the August Gold contract fell 0.14% or 1.75 to trade at $1285.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.58% to 4.1235.

The US Dollar Index was up 0.43% at 94.83.

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