United Arab Emirates shares mixed at close of trade; DFM General down 0.23%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.23%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.23% to hit a new 1-month low, while the ADX General index climbed 0.07%.

The biggest gainers of the session on the DFM General were Amlak Finance PJSC (DU: AMLK ), which rose 3.85% or 0.040 points to trade at 1.080 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.43% or 0.009 points to end at 0.379 and Deyaar Development PJSC (DU: DEYR ) was up 1.63% or 0.008 points to 0.498 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 3.91% or 0.050 points to trade at 1.230 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.24% or 0.020 points to end at 0.874 and Commercial Bank of Dubai P.S.C. (DU: CBD ) shed 1.75% or 0.070 points to 3.930.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 13.85% to 4.44, Agthia Group (AD: AGTH ) which was up 2.82% to settle at 5.10 and Dana Gas (AD: DANA ) which gained 1.41% to close at 0.720.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 9.92% to 1.1800 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 2.53% to settle at 0.7700 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.52% to 0.6500 at the close.

Declining stocks outnumbered rising ones by 17 to 16 and 5 ended unchanged; on the Abu Dhabi, 10 fell and 5 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.17% or 0.09 to $52.13 a barrel. Meanwhile, Brent oil for delivery in December fell 0.46% or 0.27 to hit $58.16 a barrel, while the December Gold Futures contract fell 0.36% or 4.71 to trade at $1306.79 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.50% to 4.3300.

The US Dollar Index Futures was up 0.39% at 92.80.

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