United Arab Emirates shares mixed at close of trade; DFM General down 0.03%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.03%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.03% to hit a new 3-month low, while the ADX General index gained 0.39%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 4.96% or 0.070 points to trade at 1.480 at the close. Gulf General Investments Company (DU: GGIC ) added 4.17% or 0.016 points to end at 0.400 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 3.52% or 0.029 points to 0.854 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 9.97% or 0.08 points to trade at 0.71 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 5.51% or 0.042 points to end at 0.720 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 5.21% or 0.039 points to 0.710.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 8.97% to 0.850, National Corp Tourism Hotels (AD: NCTH ) which was up 6.12% to settle at 2.60 and Ad Shipbldg Co (AD: ADSB ) which gained 3.13% to close at 2.640.

The worst performers were Bank Of Sharja (AD: BOS ) which was down 9.03% to 1.310 in late trade, Gulf Cement Co (AD: GCEM ) which lost 4.95% to settle at 0.9600 and Gulf Pharm Ind (AD: GPHI ) which was down 4.18% to 2.290 at the close.

Declining stocks outnumbered rising ones by 20 to 14 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 7 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.55% or 0.27 to $49.12 a barrel. Meanwhile, Brent oil for delivery in July rose 0.50% or 0.26 to hit $52.08 a barrel, while the June Gold Futures contract rose 0.31% or 3.79 to trade at $1233.79 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.78% to 4.0635.

The US Dollar Index Futures was down 0.49% at 98.33.

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