United Arab Emirates shares lower at close of trade; DFM General down 0.22%

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United Arab Emirates shares lower at close of trade; DFM General down 0.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.22%, while the ADX General index fell 0.18%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 3.02% or 0.130 points to trade at 4.430 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.88% or 0.020 points to end at 0.715 and Union Properties PJSC (DU: UPRO ) was up 1.23% or 0.009 points to 0.739 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 4.28% or 0.036 points to trade at 0.805 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.74% or 0.040 points to end at 1.030 and Amanat Holdings PJSC (DU: AMANT ) shed 2.34% or 0.030 points to 1.250.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 14.85% to 1.160, Ad Shipbldg Co (AD: ADSB ) which was up 4.15% to settle at 2.010 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 1.59% to close at 0.6400.

The worst performers were International Holding Company PJSC (AD: IHC ) which was down 2.31% to 1.27 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 1.72% to settle at 0.5700 and Aldar Properti (AD: ALDR ) which was down 1.44% to 2.060 at the close.

Declining stocks outnumbered rising ones by 19 to 8 and 11 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.30% or 0.20 to $67.27 a barrel. Meanwhile, Brent oil for delivery in September rose 0.38% or 0.27 to hit $72.11 a barrel, while the August Gold Futures contract rose 0.14% or 1.70 to trade at $1241.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.01% to 4.3022.

The US Dollar Index Futures was up 0.02% at 94.29.

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