United Arab Emirates shares lower at close of trade; DFM General down 0.68%

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United Arab Emirates shares lower at close of trade; DFM General down 0.68%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.68%, while the ADX General index lost 0.08%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 14.90% or 0.31 points to trade at 2.39 at the close. Emaar Properties PJSC (DU: EMAR ) added 1.25% or 0.100 points to end at 8.110 and Emaar Malls (DU: EMAA ) was up 1.20% or 0.030 points to 2.540 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU: DAMAC ), which lost 9.03% or 0.400 points to trade at 4.030 in late trade. Marka Pjse (DU: MARKA ) declined 2.61% or 0.02 points to end at 0.71 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.73% or 0.008 points to 0.454.

The top performers on the ADX General were Fujairah Cement Industries Co PSC (AD: FCI ) which rose 6.80% to 1.100, Gulf Pharm Ind (AD: GPHI ) which was up 3.91% to settle at 2.390 and Rak Ceramics (AD: RKCE ) which gained 2.13% to close at 2.400.

The worst performers were Sharjah Islami (AD: SIB ) which was down 3.57% to 1.350 in late trade, United Arab Bk (AD: UAB ) which lost 3.33% to settle at 1.450 and Abu Dhabi National Hotels Co (AD: ADNH ) which was down 3.13% to 3.10 at the close.

Declining stocks outnumbered rising ones by 21 to 6 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 10 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.85% or 0.39 to $46.41 a barrel. Meanwhile, Brent oil for delivery in September rose 0.95% or 0.46 to hit $48.88 a barrel, while the August Gold Futures contract rose 0.27% or 3.32 to trade at $1237.02 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.64% to 4.2433.

The US Dollar Index Futures was down 0.48% at 94.46.

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