United Arab Emirates shares mixed at close of trade; DFM General down 0.46%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.46%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.46%, while the ADX General index gained 0.48%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 2.81% or 0.050 points to trade at 1.830 at the close. Takaful House (DU: DTKF ) added 1.29% or 0.011 points to end at 0.865 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 0.88% or 0.030 points to 3.440 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 1.95% or 0.050 points to trade at 2.520 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.80% or 0.020 points to end at 1.090 and Arabtec Holding PJSC (DU: ARTC ) shed 1.23% or 0.030 points to 2.410.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 14.95% to 2.230, Agthia Group (AD: AGTH ) which was up 2.59% to settle at 5.14 and Union Natl Bk (AD: UNB ) which gained 2.56% to close at 4.000.

The worst performers were International Holding Company PJSC (AD: IHC ) which was down 2.70% to 1.44 in late trade, Natl Bk Of Rak (AD: RAKB ) which lost 2.08% to settle at 4.70 and Rak Cement Co (AD: RKCC ) which was down 1.54% to 0.640 at the close.

Declining stocks outnumbered rising ones by 23 to 10 and 5 ended unchanged; on the Abu Dhabi, 10 rose and 8 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.84% or 0.49 to $57.62 a barrel. Meanwhile, Brent oil for delivery in February fell 0.73% or 0.46 to hit $62.92 a barrel, while the December Gold Futures contract fell 0.10% or 1.27 to trade at $1293.13 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.08% to 4.3659.

The US Dollar Index Futures was up 0.12% at 92.96.

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