United Arab Emirates shares lower at close of trade; DFM General down 0.78%

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United Arab Emirates shares lower at close of trade; DFM General down 0.78%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.78% to hit a new 3-month low, while the ADX General index fell 0.13%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 2.68% or 0.030 points to trade at 1.150 at the close. National Central Cooling Co. (DU: TABR ) added 1.59% or 0.030 points to end at 1.920 and Emaar Malls (DU: EMAA ) was up 1.15% or 0.030 points to 2.630 in late trade.

Biggest losers included Dubai Financial Market PJSC (DU: DFM ), which lost 3.57% or 0.040 points to trade at 1.080 in late trade. Gulf General Investments Company (DU: GGIC ) declined 3.39% or 0.013 points to end at 0.370 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 2.18% or 0.018 points to 0.807.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 2.38% to 0.430, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 1.49% to settle at 0.6800 and Ad Commercial (AD: ADCB ) which gained 0.68% to close at 7.35.

The worst performers were Commercial Bank International (AD: CBI ) which was down 5.06% to 1.500 in late trade, United Arab Bk (AD: UAB ) which lost 3.85% to settle at 1.500 and Sharjah Cement AD (AD: SCID ) which was down 2.97% to 0.980 at the close.

Declining stocks outnumbered rising ones by 25 to 9 and 2 ended unchanged; on the Abu Dhabi, 15 fell and 4 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.59% or 0.30 to $50.83 a barrel. Meanwhile, Brent oil for delivery in July fell 0.59% or 0.32 to hit $53.55 a barrel, while the June Gold Futures contract fell 0.13% or 1.62 to trade at $1259.78 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.00% to 4.1274.

The US Dollar Index Futures was down 0.02% at 96.86.

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