United Arab Emirates shares lower at close of trade; DFM General down 0.02%

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United Arab Emirates shares lower at close of trade; DFM General down 0.02%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Consumer Staples , Insurance and Services sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.02%, while the ADX General index declined 0.38%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 1.87% or 0.020 points to trade at 1.090 at the close. Arabtec Holding PJSC (DU: ARTC ) added 1.74% or 0.040 points to end at 2.340 and ARAMEX PJSC (DU: ARMX ) was up 1.16% or 0.050 points to 4.350 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 2.02% or 0.007 points to trade at 0.340 in late trade. National Central Cooling Co. (DU: TABR ) declined 1.85% or 0.030 points to end at 1.590 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.57% or 0.007 points to 0.440.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 3.92% to 1.0600, Union Cement (AD: UCC ) which was up 1.65% to settle at 1.850 and Methaq (AD: METH ) which gained 1.22% to close at 0.830.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 6.94% to 0.6700 in late trade, Ad Natl Energy (AD: TAQA ) which lost 6.85% to settle at 0.680 and Union Natl Bk (AD: UNB ) which was down 4.91% to 3.680 at the close.

Declining stocks outnumbered rising ones by 23 to 9 and 6 ended unchanged; on the Abu Dhabi, 15 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.14% or 0.71 to $62.84 a barrel. Meanwhile, Brent oil for delivery in May rose 1.18% or 0.78 to hit $66.83 a barrel, while the April Gold Futures contract fell 0.39% or 5.20 to trade at $1312.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.26% to 4.5205.

The US Dollar Index Futures was up 0.21% at 89.66.

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