United Arab Emirates shares mixed at close of trade; DFM General up 0.33%

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

At the close in Dubai, the DFM General rose 0.33%, while the ADX General index fell 0.16%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 5.33% or 0.044 points to trade at 0.869 at the close. Emaar Development PJSC (DU: EMAARDEV ) added 1.96% or 0.100 points to end at 5.200 and Gulf General Investments Company (DU: GGIC ) was up 1.92% or 0.005 points to 0.265 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.94% or 0.067 points to trade at 0.607 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 2.27% or 0.009 points to end at 0.388 and Takaful House (DU: DTKF ) shed 2.19% or 0.014 points to 0.625.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 5.38% to 0.9800, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 5.36% to settle at 0.5900 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 5.17% to close at 0.6100.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.42% to 2.020 in late trade, Sharjah Cement AD (AD: SCID ) which lost 7.77% to settle at 0.950 and Ad Natl Energy (AD: TAQA ) which was down 4.35% to 1.100 at the close.

Declining stocks outnumbered rising ones by 18 to 15 and 5 ended unchanged; on the Abu Dhabi, 10 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.18% or 0.87 to $74.81 a barrel. Meanwhile, Brent oil for delivery in September rose 1.05% or 0.81 to hit $78.11 a barrel, while the August Gold Futures contract rose 0.47% or 5.80 to trade at $1247.50 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.09% to 4.2789.

The US Dollar Index Futures was down 0.20% at 94.41.