United Arab Emirates shares mixed at close of trade; DFM General down 0.41%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.41%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.41%, while the ADX General index gained 0.36%.

The biggest gainers of the session on the DFM General were Dubai National Insurance (DU: DNIN ), which rose 6.67% or 0.200 points to trade at 3.200 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 3.61% or 0.033 points to end at 0.948 and Emaar Development PJSC (DU: EMAARDEV ) was up 2.33% or 0.120 points to 5.270 in late trade.

Biggest losers included National General Insurance Co PSC (DU: NGIN ), which lost 4.98% or 0.10 points to trade at 1.91 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 3.70% or 0.025 points to end at 0.650 and Mashreqbank PSC (DU: MASB ) shed 2.79% or 1.95 points to 68.05.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 7.41% to 0.5800, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 4.17% to settle at 0.500 and Rak Cement Co (AD: RKCC ) which gained 2.67% to close at 0.770.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.79% to 1.290 in late trade, Ad Natl Energy (AD: TAQA ) which lost 5.83% to settle at 1.130 and Agthia Group (AD: AGTH ) which was down 4.08% to 4.70 at the close.

Declining stocks outnumbered rising ones by 17 to 15 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.06% or 0.04 to $68.91 a barrel. Meanwhile, Brent oil for delivery in November rose 0.55% or 0.42 to hit $76.92 a barrel, while the December Gold Futures contract rose 0.25% or 3.10 to trade at $1219.10 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.16% to 4.2973.

The US Dollar Index Futures was down 0.12% at 94.56.

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