United Arab Emirates shares lower at close of trade; DFM General down 0.04%

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United Arab Emirates shares lower at close of trade; DFM General down 0.04%
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 Services sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.04%, while the ADX General index fell 0.19%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 10.14% or 0.140 points to trade at 1.520 at the close. Takaful Emarat PSC (DU: TKFE ) added 6.17% or 0.140 points to end at 2.410 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 2.69% or 0.023 points to 0.878 in late trade.

Biggest losers included Union Properties PJSC (DU: UPRO ), which lost 1.92% or 0.020 points to trade at 1.020 in late trade. Air Arabia PJSC (DU: AIRA ) declined 1.85% or 0.020 points to end at 1.060 and Amlak Finance PJSC (DU: AMLK ) shed 1.80% or 0.020 points to 1.090.

The top performers on the ADX General were Ad Aviation (AD: ADAV ) which rose 10.29% to 3.000, Eshraq Properties Co PJSC (AD: ESHR ) which was up 2.54% to settle at 1.2100 and Natl Bk Of Rak (AD: RAKB ) which gained 1.91% to close at 4.79.

The worst performers were Ad Islamic Bk (AD: ADIB ) which was down 6.98% to 3.600 in late trade, Al Khazna Ins (AD: AKIC ) which lost 4.76% to settle at 0.400 and Ad Natl Energy (AD: TAQA ) which was down 3.33% to 0.580 at the close.

Declining stocks outnumbered rising ones by 19 to 10 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.04% or 0.02 to $53.10 a barrel. Meanwhile, Brent oil for delivery in June rose 0.07% or 0.04 to hit $56.02 a barrel, while the June Gold Futures contract rose 0.46% or 5.75 to trade at $1259.65 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.15% to 3.8975.

The US Dollar Index Futures was down 0.15% at 100.79.

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