United Arab Emirates shares lower at close of trade; DFM General down 0.39%

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United Arab Emirates shares lower at close of trade; DFM General down 0.39%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.39%, while the ADX General index fell 0.77%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 7.94% or 0.032 points to trade at 0.435 at the close. Union Properties PJSC (DU: UPRO ) added 2.45% or 0.021 points to end at 0.877 and Marka Pjse (DU: MARKA ) was up 2.40% or 0.02 points to 0.68 in late trade.

Biggest losers included Oman Insurance Company P.S.C. (DU: OIC ), which lost 5.56% or 0.100 points to trade at 1.700 in late trade. National Cement Company P.S.C. (DU: NCC ) declined 3.23% or 0.100 points to end at 3.000 and Amlak Finance PJSC (DU: AMLK ) shed 1.82% or 0.020 points to 1.080.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 9.43% to 3.83, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 6.98% to settle at 0.460 and Al Khazna Ins (AD: AKIC ) which gained 6.90% to close at 0.310.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 9.84% to 0.550 in late trade, Dana Gas (AD: DANA ) which lost 2.67% to settle at 0.730 and First Abu Dhabi Bank PJSC (AD: FAB ) which was down 1.43% to 10.35 at the close.

Declining stocks outnumbered rising ones by 16 to 16 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.58% or 0.30 to $52.17 a barrel. Meanwhile, Brent oil for delivery in December rose 0.57% or 0.33 to hit $58.15 a barrel, while the December Gold Futures contract fell 0.92% or 12.05 to trade at $1290.95 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.31% to 4.3191.

The US Dollar Index Futures was up 0.29% at 93.41.

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