United Arab Emirates shares lower at close of trade; DFM General down 0.90%

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United Arab Emirates shares lower at close of trade; DFM General down 0.90%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Consumer Staples , Real Estate & Construction and Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.90% to hit a new 52-week low, while the ADX General index fell 0.09%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 8.24% or 0.140 points to trade at 1.840 at the close. National Central Cooling Co. (DU: TABR ) added 2.94% or 0.050 points to end at 1.750 and Emirates NBD PJSC (DU: ENBD ) was up 0.95% or 0.100 points to 10.650 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.70% or 0.160 points to trade at 1.490 in late trade. Marka Pjse (DU: MARKA ) declined 7.07% or 0.02 points to end at 0.29 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 4.78% or 0.021 points to 0.418.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 4.07% to 2.300, Gulf Cement Co (AD: GCEM ) which was up 3.92% to settle at 1.0600 and Ad Shipbldg Co (AD: ADSB ) which gained 3.38% to close at 2.140.

The worst performers were Rak Cmt & Cons (AD: RAKC ) which was down 8.25% to 0.890 in late trade, Methaq (AD: METH ) which lost 5.00% to settle at 0.760 and Ad Natl Energy (AD: TAQA ) which was down 2.84% to 1.370 at the close.

Declining stocks outnumbered rising ones by 26 to 9 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.64% or 0.44 to $69.08 a barrel. Meanwhile, Brent oil for delivery in June rose 0.31% or 0.23 to hit $74.94 a barrel, while the June Gold Futures contract rose 0.28% or 3.70 to trade at $1327.70 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.06% to 4.4861.

The US Dollar Index Futures was down 0.04% at 90.65.

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