United Arab Emirates shares mixed at close of trade; DFM General down 1.11%

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United Arab Emirates shares mixed at close of trade; DFM General down 1.11%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 1.11% to hit a new 52-week low, while the ADX General index climbed 0.63%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 5.26% or 0.090 points to trade at 1.800 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 1.15% or 0.011 points to end at 0.970 and Emaar Development PJSC (DU: EMAARDEV ) was up 0.79% or 0.040 points to 5.130 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 10.00% or 0.090 points to trade at 0.810 in late trade. Takaful House (DU: DTKF ) declined 9.60% or 0.065 points to end at 0.612 and Arabtec Holding PJSC (DU: ARTC ) shed 5.45% or 0.110 points to 1.910.

The top performers on the ADX General were Union Insurance Co PSC (AD: UNIN ) which rose 10.49% to 1.58, Methaq (AD: METH ) which was up 6.67% to settle at 0.800 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 1.67% to close at 12.20.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 8.82% to 0.6200 in late trade, Ad Natl Energy (AD: TAQA ) which lost 8.77% to settle at 1.040 and Rak Cement Co (AD: RKCC ) which was down 6.67% to 0.700 at the close.

Declining stocks outnumbered rising ones by 28 to 6 and 5 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.13% or 0.09 to $68.17 a barrel. Meanwhile, Brent oil for delivery in September rose 0.86% or 0.64 to hit $75.19 a barrel, while the August Gold Futures contract fell 0.81% or 10.30 to trade at $1258.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.31% to 4.2850.

The US Dollar Index Futures was up 0.28% at 94.21.

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