United Arab Emirates shares lower at close of trade; DFM General down 1.11%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 1.11%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.11% to hit a new 3-month low, while the ADX General index declined 1.46%.

The biggest gainers of the session on the DFM General were Air Arabia PJSC (DU: AIRA ), which rose 0.81% or 0.010 points to trade at 1.240 at the close. Dubai Islamic Bank (DU: DISB ) added 0.17% or 0.010 points to end at 6.060 and AJMAN BANK PJSC (DU: AJBNK ) was unchanged 0.00% or 0.000 points to 1.120 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 3.72% or 0.070 points to trade at 1.810 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 3.72% or 0.090 points to end at 2.330 and Islamic Arab Insurance Company (DU: SALAMA ) shed 3.58% or 0.019 points to 0.511.

The top performers on the ADX General were Finance House (AD: FH ) which rose 5.78% to 1.830, Ad Shipbldg Co (AD: ADSB ) which was up 2.69% to settle at 2.290 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 2.33% to close at 0.440.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 8.10% to 2.270 in late trade, Methaq (AD: METH ) which lost 3.95% to settle at 0.730 and Ad Commercial (AD: ADCB ) which was down 3.56% to 6.78 at the close.

Declining stocks outnumbered rising ones by 28 to 5 and 5 ended unchanged; on the Abu Dhabi, 20 fell and 4 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.09% or 0.05 to $57.52 a barrel. Meanwhile, Brent oil for delivery in February rose 0.45% or 0.28 to hit $62.73 a barrel, while the February Gold Futures contract fell 0.73% or 9.30 to trade at $1268.40 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.28% to 4.3455.

The US Dollar Index Futures was up 0.29% at 93.32.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or