United Arab Emirates shares mixed at close of trade; DFM General down 0.30%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.30%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.30%, while the ADX General index climbed 0.17%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which rose 11.11% or 0.320 points to trade at 3.200 at the close. Union Properties PJSC (DU: UPRO ) added 2.82% or 0.020 points to end at 0.730 and Emaar Malls (DU: EMAA ) was up 1.95% or 0.050 points to 2.620 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 1.58% or 0.110 points to trade at 6.860 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 1.25% or 0.100 points to end at 7.900 and Takaful House (DU: DTKF ) shed 0.96% or 0.010 points to 1.030.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 6.25% to 1.0200, Eshraq Properties Co PJSC (AD: ESHR ) which was up 3.80% to settle at 0.8200 and Natl Bk Of Rak (AD: RAKB ) which gained 1.80% to close at 5.09.

The worst performers were Em Driving Co (AD: DRIV ) which was down 9.93% to 6.44 in late trade, Int Fish Farmi (AD: ASMK ) which lost 1.92% to settle at 1.53 and Ad Islamic Bk (AD: ADIB ) which was down 0.57% to 3.470 at the close.

Advancing stocks outnumbered falling ones by 21 to 13 and 6 ended unchanged; on the Abu Dhabi, 10 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.19% or 0.09 to $46.77 a barrel. Meanwhile, Brent oil for delivery in January rose 0.35% or 0.17 to hit $48.78 a barrel, while the December Gold contract rose 1.09% or 13.85 to trade at $1286.95 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.27% to 4.0432.

The US Dollar Index was down 0.20% at 98.12.

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