United Arab Emirates shares mixed at close of trade; DFM General down 1.22%

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United Arab Emirates shares mixed at close of trade; DFM General down 1.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.22% to hit a new 1-month low, while the ADX General index added 0.60%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 2.27% or 0.100 points to trade at 4.500 at the close. Amanat Holdings PJSC (DU: AMANT ) added 0.90% or 0.010 points to end at 1.120 and Air Arabia PJSC (DU: AIRA ) was up 0.83% or 0.010 points to 1.220 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 6.67% or 0.060 points to trade at 0.840 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 5.33% or 0.080 points to end at 1.420 and Marka Pjse (DU: MARKA ) shed 5.00% or 0.07 points to 1.33.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 8.70% to 5.000, Emirates Telec (AD: ETEL ) which was up 2.22% to settle at 18.40 and Ad Natl Energy (AD: TAQA ) which gained 2.13% to close at 0.480.

The worst performers were Ad Natl Ins Co (AD: ADNI ) which was down 10.00% to 2.970 in late trade, Dana Gas (AD: DANA ) which lost 8.51% to settle at 0.430 and Ad Shipbldg Co (AD: ADSB ) which was down 8.19% to 2.690 at the close.

Declining stocks outnumbered rising ones by 21 to 8 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.88% or 1.01 to $54.79 a barrel. Meanwhile, Brent oil for delivery in April rose 1.87% or 1.05 to hit $57.23 a barrel, while the April Gold Futures contract fell 0.78% or 9.65 to trade at $1229.45 a troy ounce.

USD/AED was down 0.00% to 3.6728, while EUR/AED fell 0.67% to 3.8717.

The US Dollar Index Futures was up 0.60% at 101.53.

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