United Arab Emirates shares lower at close of trade; DFM General down 0.85%
Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Banking , Finance & Investment and Consumer Staples sectors propelled shares lower.
At the close in Dubai, the DFM General fell 0.85% to hit a new 1-month low, while the ADX General index fell 0.41%.
The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 2.65% or 0.040 points to trade at 1.550 at the close. Takaful Emarat PSC (DU: TKFE ) added 2.13% or 0.060 points to end at 2.880 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.86% or 0.011 points to 0.601 in late trade.
Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 9.94% or 7.15 points to trade at 64.80 in late trade. Takaful House (DU: DTKF ) declined 2.78% or 0.030 points to end at 1.050 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 2.13% or 0.050 points to 2.300.
The top performers on the ADX General were Agthia Group (AD: AGTH ) which rose 5.73% to 5.72, Al Khazna Ins (AD: AKIC ) which was up 2.38% to settle at 0.430 and Ad Commercial (AD: ADCB ) which gained 1.27% to close at 6.39.
The worst performers were Em Driving Co (AD: DRIV ) which was down 10.00% to 7.20 in late trade, Abd Nat Takafu (AD: TKFL ) which lost 7.21% to settle at 3.99 and National Marine Dredging PSC (AD: NMDC ) which was down 6.68% to 4.470 at the close.
Declining stocks outnumbered rising ones by 26 to 9 and 4 ended unchanged; on the Abu Dhabi, 17 fell and 7 advanced, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for November delivery was down 1.00% or 0.44 to $43.42 a barrel. Meanwhile, Brent oil for delivery in November fell 0.94% or 0.43 to hit $45.52 a barrel, while the December Gold contract rose 0.00% or 0.05 to trade at $1317.85 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.05% to 4.1068.
The US Dollar Index was up 0.07% at 95.86.
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