United Arab Emirates shares lower at close of trade; DFM General down 1.53%

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United Arab Emirates shares lower at close of trade; DFM General down 1.53%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.53% to hit a new 1-month low, while the ADX General index fell 0.28%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 3.42% or 0.040 points to trade at 1.210 at the close. ARAMEX PJSC (DU: ARMX ) added 2.67% or 0.130 points to end at 5.000 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 2.59% or 0.024 points to 0.949 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 3.79% or 0.290 points to trade at 7.360 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 2.14% or 0.020 points to end at 0.914 and Emirates NBD PJSC (DU: ENBD ) shed 2.05% or 0.170 points to 8.130.

The top performers on the ADX General were National Corp Tourism Hotels (AD: NCTH ) which rose 14.83% to 3.33, Ad Shipbldg Co (AD: ADSB ) which was up 2.63% to settle at 2.730 and Agthia Group (AD: AGTH ) which gained 2.38% to close at 6.45.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 9.52% to 0.9500 in late trade, Commercial Bank International (AD: CBI ) which lost 8.59% to settle at 1.810 and Em Driving Co (AD: DRIV ) which was down 8.11% to 8.50 at the close.

Declining stocks outnumbered rising ones by 23 to 7 and 7 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.36% or 0.19 to $53.39 a barrel. Meanwhile, Brent oil for delivery in May rose 0.29% or 0.16 to hit $56.17 a barrel, while the April Gold Futures contract fell 0.09% or 1.05 to trade at $1224.45 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.09% to 3.8839.

The US Dollar Index Futures was up 0.08% at 101.75.

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