United Arab Emirates shares mixed at close of trade; DFM General down 0.06%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.06%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Transport , Services and Consumer Staples sectors propelled shares higher while losses in the Real Estate & Construction , Insurance and Banking sectors led shares lower.

At the close in Dubai, the DFM General declined 0.06%, while the ADX General index added 0.48%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 13.64% or 0.180 points to trade at 1.500 at the close. SHUAA Capital PSC (DU: SHUA ) added 3.60% or 0.040 points to end at 1.150 and Drake & Scull International PJSC (DU: DSI ) was up 2.11% or 0.040 points to 1.940 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 2.06% or 0.040 points to trade at 1.900 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 1.80% or 0.020 points to end at 1.090 and Union Properties PJSC (DU: UPRO ) shed 1.13% or 0.010 points to 0.873.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 4.44% to 4.000, Al Khazna Ins (AD: AKIC ) which was up 3.70% to settle at 0.280 and Dana Gas (AD: DANA ) which gained 2.60% to close at 0.790.

The worst performers were Fujairah Cement Industries Co PSC (AD: FCI ) which was down 8.57% to 0.960 in late trade, Gulf Cement Co (AD: GCEM ) which lost 7.55% to settle at 0.9800 and United Arab Bk (AD: UAB ) which was down 7.32% to 1.900 at the close.

Declining stocks outnumbered rising ones by 16 to 13 and 8 ended unchanged; on the Abu Dhabi, 17 rose and 9 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.25% or 0.62 to $50.20 a barrel. Meanwhile, Brent oil for delivery in December rose 0.99% or 0.55 to hit $56.34 a barrel, while the December Gold Futures contract rose 0.63% or 8.08 to trade at $1293.08 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.33% to 4.3271.

The US Dollar Index Futures was down 0.29% at 93.28.

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