United Arab Emirates shares mixed at close of trade; DFM General down 0.93%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.93%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.93% to hit a new 3-month low, while the ADX General index gained 0.13%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 3.90% or 3.00 points to trade at 80.00 at the close. Amanat Holdings PJSC (DU: AMANT ) added 0.88% or 0.010 points to end at 1.140 and Dubai Investments PJSC (DU: DINV ) was up 0.42% or 0.010 points to 2.390 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU: SALAMA ), which lost 10.00% or 0.052 points to trade at 0.468 in late trade. Air Arabia PJSC (DU: AIRA ) declined 6.72% or 0.080 points to end at 1.110 and Marka Pjse (DU: MARKA ) shed 6.47% or 0.09 points to 1.30.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 2.73% to 1.1300, First Gulf Bk (AD: FGB ) which was up 1.66% to settle at 12.25 and Rak Properties (AD: RPRO ) which gained 1.39% to close at 0.730.

The worst performers were Methaq (AD: METH ) which was down 5.81% to 0.810 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 5.26% to settle at 0.7200 and Int Fish Farmi (AD: ASMK ) which was down 2.54% to 1.92 at the close.

Declining stocks outnumbered rising ones by 24 to 9 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 6 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.64% or 0.31 to $48.71 a barrel. Meanwhile, Brent oil for delivery in May rose 0.76% or 0.39 to hit $51.74 a barrel, while the April Gold Futures contract rose 0.04% or 0.45 to trade at $1203.55 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.21% to 3.9048.

The US Dollar Index Futures was up 0.19% at 101.45.

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