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 Consumer Staples , Real Estate & Construction and Services sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.87%, while the ADX General index lost 2.11%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 14.03% or 0.39 points to trade at 3.17 at the close. Emirate Integrated Telecom Co PJSC (DU: DU ) added 1.30% or 0.080 points to end at 6.230 and Emaar Malls Group (DU: EMAA ) was up 0.74% or 0.02 points to 2.74 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 6.16% or 0.029 points to trade at 0.442 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 6.06% or 0.100 points to end at 1.550 and Deyaar Development PJSC (DU: DEYR ) shed 5.77% or 0.034 points to 0.555.

The top performers on the ADX General were Abd Nat Takafu (AD: TKFL ) which rose 10.90% to 5.29, Methaq (AD: METH ) which was up 9.88% to settle at 0.890 and Emirates Telec (AD: ETEL ) which gained 3.01% to close at 18.80.

The worst performers were Int Fish Farmi (AD: ASMK ) which was down 9.86% to 6.49 in late trade, First Gulf Bk (AD: FGB ) which lost 9.77% to settle at 12.00 and Arkan Bld Mt C (AD: ARKN ) which was down 7.14% to 0.91 at the close.

Declining stocks outnumbered rising ones by 20 to 6 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 7 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 2.45% or 0.91 to $36.27 a barrel. Meanwhile, Brent oil for delivery in May fell 2.45% or 0.97 to hit $38.56 a barrel, while the April Gold contract fell 0.84% or 10.40 to trade at $1234.70 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.14% to 4.0736.

The US Dollar Index was up 0.19% at 96.78.

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