United Arab Emirates shares mixed at close of trade; DFM General up 0.80%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.80%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.80%, while the ADX General index declined 0.21%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 7.32% or 0.300 points to trade at 4.400 at the close. Emaar Malls (DU: EMAA ) added 3.56% or 0.080 points to end at 2.330 and Dubai National Insurance (DU: DNIN ) was up 3.24% or 0.110 points to 3.500 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 9.84% or 0.078 points to trade at 0.715 in late trade. Marka Pjse (DU: MARKA ) declined 4.97% or 0.03 points to end at 0.52 and Arabtec Holding PJSC (DU: ARTC ) shed 3.16% or 0.080 points to 2.450.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 3.81% to 3.000, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 2.63% to settle at 0.7800 and Gulf Cement Co (AD: GCEM ) which gained 2.00% to close at 1.0200.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 10.00% to 3.33 in late trade, Methaq (AD: METH ) which lost 4.44% to settle at 0.860 and Ad Natl Energy (AD: TAQA ) which was down 3.03% to 0.640 at the close.

Advancing stocks outnumbered falling ones by 21 to 15 and 5 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.08% or 0.05 to $59.24 a barrel. Meanwhile, Brent oil for delivery in April rose 0.22% or 0.14 to hit $62.73 a barrel, while the April Gold Futures contract rose 0.38% or 5.10 to trade at $1331.50 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.43% to 4.5343.

The US Dollar Index Futures was down 0.46% at 89.60.

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