United Arab Emirates shares lower at close of trade; DFM General down 0.30%

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United Arab Emirates shares lower at close of trade; DFM General down 0.30%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.30%, while the ADX General index fell 0.06%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 1.77% or 0.020 points to trade at 1.150 at the close. Gulf General Investments Company (DU: GGIC ) added 1.65% or 0.006 points to end at 0.370 and Union Properties PJSC (DU: UPRO ) was up 1.02% or 0.009 points to 0.890 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 3.03% or 0.040 points to trade at 1.280 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 2.94% or 0.250 points to end at 8.250 and National Central Cooling Co. (DU: TABR ) shed 2.87% or 0.060 points to 2.030.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 7.89% to 0.820, Dana Gas (AD: DANA ) which was up 5.48% to settle at 0.770 and Agthia Group (AD: AGTH ) which gained 2.84% to close at 5.44.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 8.93% to 0.510 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 7.55% to settle at 0.490 and Ad Natl Energy (AD: TAQA ) which was down 4.55% to 0.630 at the close.

Declining stocks outnumbered rising ones by 22 to 10 and 4 ended unchanged; on the Abu Dhabi, 10 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.33% or 0.63 to $47.92 a barrel. Meanwhile, Brent oil for delivery in November rose 0.61% or 0.32 to hit $52.66 a barrel, while the December Gold Futures contract rose 0.43% or 5.67 to trade at $1336.07 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.12% to 4.3658.

The US Dollar Index Futures was down 0.01% at 92.56.

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