United Arab Emirates shares mixed at close of trade; DFM General down 0.44%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.44%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.44%, while the ADX General index added 0.27%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU: ENBD ), which rose 6.51% or 0.550 points to trade at 9.000 at the close. Deyaar Development PJSC (DU: DEYR ) added 6.01% or 0.034 points to end at 0.600 and Marka Pjse (DU: MARKA ) was up 2.69% or 0.02 points to 0.61 in late trade.

Biggest losers included Dubai Islamic Bank (DU: DISB ), which lost 4.59% or 0.300 points to trade at 6.230 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 1.77% or 0.020 points to end at 1.110 and Dubai Investments PJSC (DU: DINV ) shed 1.61% or 0.040 points to 2.440.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 6.74% to 0.950, Waha Capital (AD: WAHA ) which was up 3.86% to settle at 2.150 and Al Khazna Ins (AD: AKIC ) which gained 3.70% to close at 0.280.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.80% to 0.7600 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 2.50% to settle at 1.950 and Union Natl Bk (AD: UNB ) which was down 2.23% to 3.950 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 12 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.76% or 0.50 to $65.06 a barrel. Meanwhile, Brent oil for delivery in April fell 0.39% or 0.27 to hit $68.93 a barrel, while the February Gold Futures contract rose 0.28% or 3.70 to trade at $1344.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.24% to 4.5579.

The US Dollar Index Futures was down 0.24% at 88.96.

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