United Arab Emirates shares lower at close of trade; DFM General down 0.11%

Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Consumer Staples , Banking and Services sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.11%, while the ADX General index fell 0.11%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 4.44% or 0.060 points to trade at 1.410 at the close. Dubai Investments PJSC (DU: DINV ) added 1.88% or 0.040 points to end at 2.170 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.80% or 0.014 points to 0.790 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 6.43% or 0.09 points to trade at 1.31 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 1.94% or 0.160 points to end at 8.100 and Arabtec Holding PJSC (DU: ARTC ) shed 1.76% or 0.015 points to 0.837.

The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 3.70% to 1.400, Aldar Properti (AD: ALDR ) which was up 2.76% to settle at 2.230 and Rak Properties (AD: RPRO ) which gained 1.64% to close at 0.620.

The worst performers were Commercial Bank International (AD: CBI ) which was down 9.71% to 1.580 in late trade, Nat Bk Qaiwain (AD: NBQ ) which lost 9.68% to settle at 2.80 and Bank Of Sharja (AD: BOS ) which was down 6.87% to 1.490 at the close.

Declining stocks outnumbered rising ones by 17 to 12 and 6 ended unchanged; on the Abu Dhabi, 11 fell and 11 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.80% or 0.39 to $49.23 a barrel. Meanwhile, Brent oil for delivery in July rose 1.07% or 0.55 to hit $52.07 a barrel, while the June Gold Futures contract rose 0.10% or 1.29 to trade at $1256.79 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.18% to 4.0105.

The US Dollar Index Futures was down 0.05% at 98.93.