United Arab Emirates shares lower at close of trade; DFM General down 0.84%

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United Arab Emirates shares lower at close of trade; DFM General down 0.84%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Services , Telecoms and Real Estate & Construction sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.84% to hit a new 52-week low, while the ADX General index declined 0.04%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 4.06% or 0.014 points to trade at 0.359 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 2.88% or 0.030 points to end at 1.070 and SHUAA Capital PSC (DU: SHUA ) was up 0.96% or 0.010 points to 1.050 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 2.86% or 0.050 points to trade at 1.700 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 2.70% or 0.050 points to end at 1.800 and Deyaar Development PJSC (DU: DEYR ) shed 2.45% or 0.013 points to 0.517.

The top performers on the ADX General were Ad Natl Energy (AD: TAQA ) which rose 13.43% to 0.760, National Takaful Co PJSC (AD: WATA ) which was up 13.33% to settle at 0.51 and Bank Of Sharja (AD: BOS ) which gained 5.31% to close at 1.190.

The worst performers were Emirates Ins C (AD: EIC ) which was down 5.06% to 7.50 in late trade, International Holding Company PJSC (AD: IHC ) which lost 2.10% to settle at 1.40 and Gulf Pharm Ind (AD: GPHI ) which was down 1.36% to 2.180 at the close.

Declining stocks outnumbered rising ones by 25 to 7 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.37% or 0.23 to $61.78 a barrel. Meanwhile, Brent oil for delivery in April fell 1.19% or 0.78 to hit $64.89 a barrel, while the April Gold Futures contract fell 1.22% or 16.50 to trade at $1339.70 a troy ounce.

USD/AED was up 0.01% to 3.6733, while EUR/AED fell 0.59% to 4.5306.

The US Dollar Index Futures was up 0.56% at 89.58.

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