United Arab Emirates shares mixed at close of trade; DFM General down 0.17%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.17%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.17%, while the ADX General index gained 0.61%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 2.72% or 0.018 points to trade at 0.680 at the close. Dubai Islamic Bank (DU: DISB ) added 1.05% or 0.050 points to end at 4.790 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 0.84% or 0.020 points to 2.390 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU: SALAMA ), which lost 2.90% or 0.013 points to trade at 0.435 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.17% or 0.006 points to end at 0.270 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.94% or 0.020 points to 1.010.

The top performers on the ADX General were Sharjah Group Co (AD: SG ) which rose 13.04% to 1.30, Abu Dhabi National Hotels Co (AD: ADNH ) which was up 5.28% to settle at 2.79 and Ad Natl Energy (AD: TAQA ) which gained 1.64% to close at 1.240.

The worst performers were Methaq (AD: METH ) which was down 6.17% to 0.760 in late trade, International Holding Company PJSC (AD: IHC ) which lost 3.68% to settle at 1.31 and Waha Capital (AD: WAHA ) which was down 1.71% to 1.720 at the close.

Declining stocks outnumbered rising ones by 20 to 9 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.38% or 0.94 to $66.94 a barrel. Meanwhile, Brent oil for delivery in August rose 0.65% or 0.49 to hit $75.81 a barrel, while the June Gold Futures contract fell 0.05% or 0.70 to trade at $1303.00 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.73% to 4.2385.

The US Dollar Index Futures was up 0.53% at 94.86.

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