United Arab Emirates shares mixed at close of trade; DFM General up 0.35%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.35%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.35%, while the ADX General index lost 0.46%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 5.98% or 0.110 points to trade at 1.950 at the close. Emaar Properties PJSC (DU: EMAR ) added 2.25% or 0.140 points to end at 6.370 and Dubai Financial Market PJSC (DU: DFM ) was up 1.60% or 0.020 points to 1.270 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 9.91% or 0.330 points to trade at 3.000 in late trade. Gulf General Investments Company (DU: GGIC ) declined 3.06% or 0.019 points to end at 0.601 and Drake & Scull International PJSC (DU: DSI ) shed 2.19% or 0.012 points to 0.535.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 12.82% to 0.880, Rak Properties (AD: RPRO ) which was up 1.67% to settle at 0.610 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 1.30% to close at 0.7800.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 9.82% to 4.50 in late trade, Fujairah Building Industries Co PSC (AD: FBI ) which lost 5.00% to settle at 1.14 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 2.13% to 0.460 at the close.

Declining stocks outnumbered rising ones by 19 to 11 and 3 ended unchanged; on the Abu Dhabi, 14 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.02% or 0.01 to $47.73 a barrel. Meanwhile, Brent oil for delivery in July fell 0.37% or 0.18 to hit $48.79 a barrel, while the June Gold contract fell 0.00% or 0.05 to trade at $1274.15 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.00% to 4.1594.

The US Dollar Index was up 0.02% at 94.55.

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