United Arab Emirates shares mixed at close of trade; DFM General down 0.21%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.21%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Services , Banking and Insurance sectors propelled shares higher while losses in the Consumer Staples , Real Estate & Construction and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General declined 0.21%, while the ADX General index gained 0.08%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 4.29% or 3.00 points to trade at 73.00 at the close. Air Arabia PJSC (DU: AIRA ) added 2.61% or 0.030 points to end at 1.180 and SHUAA Capital PSC (DU: SHUA ) was up 1.96% or 0.020 points to 1.040 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 2.52% or 0.110 points to trade at 4.260 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.36% or 0.017 points to end at 0.702 and Dubai Financial Market PJSC (DU: DFM ) shed 1.90% or 0.020 points to 1.030.

The top performers on the ADX General were National Corp Tourism Hotels (AD: NCTH ) which rose 7.50% to 2.15, Bank Of Sharja (AD: BOS ) which was up 5.45% to settle at 1.160 and Invest Bank AD (AD: INVB ) which gained 2.13% to close at 2.400.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 8.64% to 0.740 in late trade, Waha Capital (AD: WAHA ) which lost 7.83% to settle at 2.000 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.52% to 0.6500 at the close.

Declining stocks outnumbered rising ones by 21 to 13 and 7 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.21% or 0.13 to $63.14 a barrel. Meanwhile, Brent oil for delivery in June rose 0.18% or 0.12 to hit $67.76 a barrel, while the June Gold Futures contract fell 0.44% or 5.90 to trade at $1341.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.28% to 4.5134.

The US Dollar Index Futures was up 0.08% at 89.76.

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