United Arab Emirates shares mixed at close of trade; DFM General down 0.13%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.13%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.13%, while the ADX General index climbed 0.04%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 13.66% or 0.125 points to trade at 1.040 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 3.54% or 0.016 points to end at 0.468 and ARAMEX PJSC (DU: ARMX ) was up 1.89% or 0.100 points to 5.400 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.94% or 0.040 points to trade at 1.320 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 2.54% or 0.030 points to end at 1.150 and Drake & Scull International PJSC (DU: DSI ) shed 2.42% or 0.010 points to 0.403.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 5.15% to 2.450, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 4.08% to settle at 0.510 and Rak Properties (AD: RPRO ) which gained 1.49% to close at 0.680.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 9.33% to 0.680 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 4.17% to settle at 2.300 and United Arab Bk (AD: UAB ) which was down 3.45% to 1.400 at the close.

Declining stocks outnumbered rising ones by 18 to 16 and 3 ended unchanged; on the Abu Dhabi, 11 fell and 7 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.62% or 0.75 to $47.09 a barrel. Meanwhile, Brent oil for delivery in September rose 1.65% or 0.80 to hit $49.40 a barrel, while the August Gold Futures contract fell 0.21% or 2.59 to trade at $1251.71 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.12% to 4.2815.

The US Dollar Index Futures was down 0.05% at 93.77.

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