United Arab Emirates shares lower at close of trade; DFM General down 1.53%

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United Arab Emirates shares lower at close of trade; DFM General down 1.53%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.53% to hit a new 6-month low, while the ADX General index fell 0.90%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 0.99% or 0.010 points to trade at 1.020 at the close. Emaar Development PJSC (DU: EMAARDEV ) added 0.53% or 0.030 points to end at 5.680 and National Cement Company P.S.C. (DU: NCC ) was unchanged 0.00% or 0.000 points to 2.850 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 3.56% or 0.02 points to trade at 0.57 in late trade. ARAMEX PJSC (DU: ARMX ) declined 3.10% or 0.130 points to end at 4.060 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 3.02% or 0.019 points to 0.610.

The top performers on the ADX General were Methaq (AD: METH ) which rose 8.14% to 0.930, Ad Aviation (AD: ADAV ) which was up 4.48% to settle at 3.030 and Natl Bk Of Rak (AD: RAKB ) which gained 3.00% to close at 4.80.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 9.94% to 1.54 in late trade, Green Crs Ins (AD: GCIC ) which lost 9.88% to settle at 0.730 and Ad Shipbldg Co (AD: ADSB ) which was down 5.00% to 1.900 at the close.

Declining stocks outnumbered rising ones by 35 to 3 and 2 ended unchanged; on the Abu Dhabi, 21 fell and 5 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.59% or 0.38 to $63.77 a barrel. Meanwhile, Brent oil for delivery in April fell 0.67% or 0.45 to hit $67.17 a barrel, while the April Gold Futures contract rose 0.67% or 8.90 to trade at $1345.40 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.34% to 4.5576.

The US Dollar Index Futures was down 0.23% at 89.36.

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