United Arab Emirates shares lower at close of trade; DFM General down 1.45%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 1.45%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.45%, while the ADX General index lost 0.58%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 2.56% or 0.100 points to trade at 4.000 at the close. Dubai Investments PJSC (DU: DINV ) added 0.99% or 0.020 points to end at 2.040 and SHUAA Capital PSC (DU: SHUA ) was up 0.93% or 0.010 points to 1.080 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 5.16% or 0.280 points to trade at 5.150 in late trade. Takaful House (DU: DTKF ) declined 3.89% or 0.027 points to end at 0.667 and Islamic Arab Insurance Company (DU: SALAMA ) shed 3.61% or 0.016 points to 0.427.

The top performers on the ADX General were Waha Capital (AD: WAHA ) which rose 5.88% to 1.800, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 1.72% to settle at 0.590 and Sharjah Islami (AD: SIB ) which gained 1.67% to close at 1.220.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 8.00% to 0.690 in late trade, Gulf Cement Co (AD: GCEM ) which lost 6.93% to settle at 0.9400 and Ad Natl Energy (AD: TAQA ) which was down 4.10% to 1.170 at the close.

Declining stocks outnumbered rising ones by 25 to 8 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 3 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.51% or 0.99 to $64.70 a barrel. Meanwhile, Brent oil for delivery in August fell 0.70% or 0.53 to hit $74.81 a barrel, while the August Gold Futures contract fell 0.13% or 1.70 to trade at $1278.40 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.66% to 4.2415.

The US Dollar Index Futures was up 0.50% at 94.88.

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