United Arab Emirates shares mixed at close of trade; DFM General down 0.75%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.75%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.75%, while the ADX General index climbed 0.78%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 4.26% or 0.023 points to trade at 0.563 at the close. SHUAA Capital PSC (DU: SHUA ) added 3.27% or 0.015 points to end at 0.474 and Union Properties PJSC (DU: UPRO ) was up 2.82% or 0.024 points to 0.874 in late trade.

Biggest losers included Air Arabia PJSC (DU: AIRA ), which lost 8.03% or 0.110 points to trade at 1.260 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 1.80% or 0.030 points to end at 1.640 and Emaar Properties PJSC (DU: EMAR ) shed 1.77% or 0.110 points to 6.090.

The top performers on the ADX General were Gulf Medical Projects Co PSC (AD: GMPC ) which rose 14.60% to 2.59, Agthia Group (AD: AGTH ) which was up 5.56% to settle at 7.60 and Arkan Bld Mt C (AD: ARKN ) which gained 4.35% to close at 0.96.

The worst performers were Rak Properties (AD: RPRO ) which was down 1.56% to 0.630 in late trade, Aldar Properti (AD: ALDR ) which lost 0.72% to settle at 2.76 and Ad Commercial (AD: ADCB ) which was down 0.15% to 6.82 at the close.

Advancing stocks outnumbered falling ones by 14 to 9 and 4 ended unchanged; on the Abu Dhabi, 15 rose and 3 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.43% or 0.18 to $41.34 a barrel. Meanwhile, Brent oil for delivery in May fell 0.22% or 0.09 to hit $41.45 a barrel, while the April Gold contract rose 0.64% or 8.00 to trade at $1252.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.27% to 4.1184.

The US Dollar Index was up 0.20% at 95.59.

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