United Arab Emirates shares mixed at close of trade; DFM General up 0.45%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.45%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.45%, while the ADX General index declined 0.46%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 3.38% or 0.070 points to trade at 2.140 at the close. National Cement Company P.S.C. (DU: NCC ) added 1.61% or 0.050 points to end at 3.150 and ARAMEX PJSC (DU: ARMX ) was up 1.56% or 0.080 points to 5.200 in late trade.

Biggest losers included Dubai National Insurance (DU: DNIN ), which lost 2.64% or 0.080 points to trade at 2.950 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 1.54% or 0.020 points to end at 1.280 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.28% or 0.006 points to 0.464.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 9.52% to 1.150, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 3.17% to settle at 0.6500 and Gulf Pharm Ind (AD: GPHI ) which gained 2.08% to close at 2.450.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 10.00% to 2.16 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 8.15% to settle at 2.93 and Dana Gas (AD: DANA ) which was down 4.48% to 0.640 at the close.

Advancing stocks outnumbered falling ones by 23 to 9 and 4 ended unchanged; on the Abu Dhabi, 14 rose and 10 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was unchanged 0.00% or 0.00 to $47.53 a barrel. Meanwhile, Brent oil for delivery in October unchanged 0.00% or 0.00 to hit $51.66 a barrel, while the December Gold Futures contract fell 0.52% or 6.76 to trade at $1289.94 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.56% to 4.3155.

The US Dollar Index Futures was up 0.52% at 93.48.

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