United Arab Emirates shares lower at close of trade; DFM General down 1.79%

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United Arab Emirates shares lower at close of trade; DFM General down 1.79%
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 declined 1.79% to hit a new 3-month low, while the ADX General index declined 0.35%.

The biggest gainers of the session on the DFM General were Dubai Insurance Co PSC (DU: DINC ), which rose 11.11% or 0.370 points to trade at 3.700 at the close. Commercial Bank of Dubai P.S.C. (DU: CBD ) added 1.27% or 0.050 points to end at 4.000 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 0.70% or 0.010 points to 1.440 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU: DAMAC ), which lost 6.02% or 0.230 points to trade at 3.590 in late trade. Takaful House (DU: DTKF ) declined 5.62% or 0.054 points to end at 0.906 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 5.02% or 0.036 points to 0.681.

The top performers on the ADX General were Finance House (AD: FH ) which rose 3.93% to 1.850, Ad Natl Energy (AD: TAQA ) which was up 3.17% to settle at 0.650 and Aldar Properti (AD: ALDR ) which gained 1.33% to close at 2.280.

The worst performers were Abu Dhabi National Hotels Co (AD: ADNH ) which was down 8.47% to 2.70 in late trade, Rak Cement Co (AD: RKCC ) which lost 5.33% to settle at 0.710 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 4.48% to 0.6400 at the close.

Declining stocks outnumbered rising ones by 33 to 5 and 2 ended unchanged; on the Abu Dhabi, 16 fell and 5 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.02% or 0.01 to $57.34 a barrel. Meanwhile, Brent oil for delivery in January fell 0.28% or 0.18 to hit $64.09 a barrel, while the December Gold Futures contract fell 0.35% or 4.50 to trade at $1277.10 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.37% to 4.2484.

The US Dollar Index Futures was up 0.40% at 95.00.

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