United Arab Emirates shares lower at close of trade; DFM General down 0.28%

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United Arab Emirates shares lower at close of trade; DFM General down 0.28%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.28%, while the ADX General index declined 0.52%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 10.62% or 0.310 points to trade at 3.230 at the close. Amlak Finance PJSC (DU: AMLK ) added 2.65% or 0.025 points to end at 0.970 and SHUAA Capital PSC (DU: SHUA ) was up 1.67% or 0.020 points to 1.220 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 2.61% or 0.060 points to trade at 2.240 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 2.54% or 0.011 points to end at 0.422 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 2.22% or 0.020 points to 0.881.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 8.33% to 1.300, United Arab Bk (AD: UAB ) which was up 7.14% to settle at 1.500 and Gulf Cement Co (AD: GCEM ) which gained 3.41% to close at 0.9100.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 8.71% to 2.620 in late trade, Union Natl Bk (AD: UNB ) which lost 5.32% to settle at 4.450 and Rak Ceramics (AD: RKCE ) which was down 4.00% to 2.400 at the close.

Advancing stocks outnumbered falling ones by 16 to 15 and 4 ended unchanged; on the Abu Dhabi, 15 fell and 8 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.32% or 0.15 to $46.92 a barrel. Meanwhile, Brent oil for delivery in September fell 0.40% or 0.20 to hit $49.48 a barrel, while the August Gold Futures contract rose 0.57% or 6.98 to trade at $1226.18 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.19% to 4.1664.

The US Dollar Index Futures was up 0.09% at 96.04.

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