United Arab Emirates shares lower at close of trade; DFM General down 0.87%

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United Arab Emirates shares lower at close of trade; DFM General down 0.87%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.87%, while the ADX General index declined 0.20%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 3.09% or 0.016 points to trade at 0.534 at the close. SHUAA Capital PSC (DU: SHUA ) added 2.07% or 0.030 points to end at 1.480 and Air Arabia PJSC (DU: AIRA ) was up 1.49% or 0.020 points to 1.360 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 4.25% or 0.180 points to trade at 4.060 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 3.23% or 0.080 points to end at 2.400 and Dubai Financial Market PJSC (DU: DFM ) shed 2.96% or 0.040 points to 1.310.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 7.02% to 3.05, Agthia Group (AD: AGTH ) which was up 3.55% to settle at 7.00 and Ad Shipbldg Co (AD: ADSB ) which gained 2.81% to close at 2.560.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 5.65% to 2.170 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 5.49% to settle at 4.300 and Rak Properties (AD: RPRO ) which was down 1.43% to 0.690 at the close.

Declining stocks outnumbered rising ones by 26 to 12 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 12 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.49% or 0.26 to $53.09 a barrel. Meanwhile, Brent oil for delivery in February rose 0.57% or 0.32 to hit $56.01 a barrel, while the February Gold contract fell 0.51% or 5.95 to trade at $1159.85 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.18% to 3.8987.

The US Dollar Index was up 0.15% at 101.15.

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