United Arab Emirates shares mixed at close of trade; DFM General down 0.21%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.21%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Finance & Investment , Transport and Real Estate & Construction 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 0.21% to hit a new 3-month low, while the ADX General index added 0.10%.

The biggest gainers of the session on the DFM General were Emaar Malls (DU: EMAA ), which rose 3.61% or 0.090 points to trade at 2.580 at the close. Dubai Investments PJSC (DU: DINV ) added 0.82% or 0.020 points to end at 2.460 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 0.36% or 0.010 points to 2.770 in late trade.

Biggest losers included Amlak Finance PJSC (DU: AMLK ), which lost 3.60% or 0.040 points to trade at 1.070 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 2.20% or 0.010 points to end at 0.444 and SHUAA Capital PSC (DU: SHUA ) shed 2.17% or 0.040 points to 1.800.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 5.77% to 2.200, Ad Commercial (AD: ADCB ) which was up 2.39% to settle at 6.85 and Union Natl Bk (AD: UNB ) which gained 1.86% to close at 4.380.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 9.94% to 3.26 in late trade, Foodco Holding PJSC (AD: FOOD ) which lost 6.25% to settle at 6.00 and Rak Cement Co (AD: RKCC ) which was down 5.56% to 0.850 at the close.

Declining stocks outnumbered rising ones by 25 to 6 and 7 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.84% or 0.40 to $48.13 a barrel. Meanwhile, Brent oil for delivery in June rose 0.77% or 0.39 to hit $51.29 a barrel, while the April Gold Futures contract fell 0.12% or 1.45 to trade at $1254.25 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.13% to 3.9857.

The US Dollar Index Futures was up 0.06% at 99.09.

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