United Arab Emirates shares lower at close of trade; DFM General down 1.53%
Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Consumer Staples , Finance & Investment and Transport sectors propelled shares lower.
At the close in Dubai, the DFM General declined 1.53% to hit a new 6-month low, while the ADX General index fell 0.90%.
The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 0.99% or 0.010 points to trade at 1.020 at the close. Emaar Development PJSC (DU: EMAARDEV ) added 0.53% or 0.030 points to end at 5.680 and National Cement Company P.S.C. (DU: NCC ) was unchanged 0.00% or 0.000 points to 2.850 in late trade.
Biggest losers included Marka Pjse (DU: MARKA ), which lost 3.56% or 0.02 points to trade at 0.57 in late trade. ARAMEX PJSC (DU: ARMX ) declined 3.10% or 0.130 points to end at 4.060 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 3.02% or 0.019 points to 0.610.
The top performers on the ADX General were Methaq (AD: METH ) which rose 8.14% to 0.930, Ad Aviation (AD: ADAV ) which was up 4.48% to settle at 3.030 and Natl Bk Of Rak (AD: RAKB ) which gained 3.00% to close at 4.80.
The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 9.94% to 1.54 in late trade, Green Crs Ins (AD: GCIC ) which lost 9.88% to settle at 0.730 and Ad Shipbldg Co (AD: ADSB ) which was down 5.00% to 1.900 at the close.
Declining stocks outnumbered rising ones by 35 to 3 and 2 ended unchanged; on the Abu Dhabi, 21 fell and 5 advanced, while 7 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for March delivery was down 0.59% or 0.38 to $63.77 a barrel. Meanwhile, Brent oil for delivery in April fell 0.67% or 0.45 to hit $67.17 a barrel, while the April Gold Futures contract rose 0.67% or 8.90 to trade at $1345.40 a troy ounce.
USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.34% to 4.5576.
The US Dollar Index Futures was down 0.23% at 89.36.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or