United Arab Emirates shares lower at close of trade; DFM General down 0.33%

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United Arab Emirates shares lower at close of trade; DFM General down 0.33%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.33% to hit a new 52-week low, while the ADX General index fell 0.13%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU: DEYR ), which rose 5.44% or 0.023 points to trade at 0.446 at the close. Takaful Emarat PSC (DU: TKFE ) added 1.74% or 0.030 points to end at 1.750 and Drake & Scull International PJSC (DU: DSI ) was up 1.24% or 0.005 points to 0.407 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 4.24% or 0.180 points to trade at 4.070 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 4.12% or 0.037 points to end at 0.861 and Commercial Bank of Dubai P.S.C. (DU: CBD ) shed 2.56% or 0.100 points to 3.800.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 7.50% to 2.150, International Holding Company PJSC (AD: IHC ) which was up 3.51% to settle at 1.18 and Methaq (AD: METH ) which gained 2.56% to close at 0.800.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 6.86% to 2.850 in late trade, Sharjah Cement AD (AD: SCID ) which lost 5.96% to settle at 0.931 and Rak Ceramics (AD: RKCE ) which was down 3.85% to 2.250 at the close.

Declining stocks outnumbered rising ones by 23 to 15 and 2 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.35% or 0.93 to $69.61 a barrel. Meanwhile, Brent oil for delivery in November rose 1.40% or 1.09 to hit $79.14 a barrel, while the December Gold Futures contract fell 0.05% or 0.60 to trade at $1205.20 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.04% to 4.2930.

The US Dollar Index Futures was up 0.06% at 94.15.

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