United Arab Emirates shares lower at close of trade; DFM General down 1.30%

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United Arab Emirates shares lower at close of trade; DFM General down 1.30%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.30%, while the ADX General index fell 1.59%.

The biggest gainers of the session on the DFM General were Emirate Integrated Telecom Co PJSC (DU: DU ), which rose 0.61% or 0.040 points to trade at 6.600 at the close. National Cement Company P.S.C. (DU: NCC ) unchanged 0.00% or 0.000 points to end at 3.020 and AJMAN BANK PJSC (DU: AJBNK ) was unchanged 0.00% or 0.000 points to 1.620 in late trade.

Biggest losers included Emaar Malls Group (DU: EMAA ), which lost 4.08% or 0.120 points to trade at 2.820 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 2.97% or 0.260 points to end at 8.500 and Dubai Financial Market PJSC (DU: DFM ) shed 2.96% or 0.040 points to 1.310.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 7.50% to 0.430, Fujairah Building Industries Co PSC (AD: FBI ) which was unchanged 0.00% to settle at 1.55 and Emirates Ins C (AD: EIC ) which unchanged 0.00% to close at 6.05.

The worst performers were Agthia Group (AD: AGTH ) which was down 9.93% to 6.80 in late trade, Methaq (AD: METH ) which lost 4.44% to settle at 0.860 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 3.85% to 0.500 at the close.

Declining stocks outnumbered rising ones by 30 to 2 and 2 ended unchanged; on the Abu Dhabi, 18 fell and 1 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.30% or 0.52 to $40.58 a barrel. Meanwhile, Brent oil for delivery in October rose 1.66% or 0.70 to hit $42.84 a barrel, while the December Gold contract rose 0.36% or 4.85 to trade at $1364.45 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.27% to 4.1098.

The US Dollar Index was down 0.39% at 95.38.

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