United Arab Emirates shares lower at close of trade; DFM General down 0.98%

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United Arab Emirates shares lower at close of trade; DFM General down 0.98%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.98%, while the ADX General index fell 0.92%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 7.78% or 0.13 points to trade at 1.80 at the close. SHUAA Capital PSC (DU: SHUA ) added 6.62% or 0.100 points to end at 1.610 and Marka Pjse (DU: MARKA ) was up 4.11% or 0.06 points to 1.52 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 2.67% or 0.120 points to trade at 4.380 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 2.27% or 0.030 points to end at 1.290 and Air Arabia PJSC (DU: AIRA ) shed 2.13% or 0.030 points to 1.380.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD: ESHR ) which rose 8.26% to 1.1800, Rak Cement Co (AD: RKCC ) which was up 7.69% to settle at 0.980 and Ad Natl Ins Co (AD: ADNI ) which gained 4.17% to close at 2.500.

The worst performers were Int Fish Farmi (AD: ASMK ) which was down 9.89% to 2.37 in late trade, Al Khazna Ins (AD: AKIC ) which lost 7.14% to settle at 0.390 and Dana Gas (AD: DANA ) which was down 3.57% to 0.540 at the close.

Declining stocks outnumbered rising ones by 25 to 14 and 3 ended unchanged; on the Abu Dhabi, 15 fell and 3 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.51% or 0.27 to $52.36 a barrel. Meanwhile, Brent oil for delivery in April fell 0.16% or 0.09 to hit $55.23 a barrel, while the April Gold Futures contract rose 0.33% or 4.00 to trade at $1200.00 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.06% to 3.9308.

The US Dollar Index Futures was unchanged 0.00% at 100.42.

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