United Arab Emirates shares mixed at close of trade; DFM General up 0.92%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.92%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.92%, while the ADX General index lost 1.11%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 3.53% or 0.015 points to trade at 0.440 at the close. Emaar Properties PJSC (DU: EMAR ) added 3.32% or 0.240 points to end at 7.470 and Islamic Arab Insurance Company (DU: SALAMA ) was up 2.97% or 0.013 points to 0.450 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 1.48% or 0.080 points to trade at 5.320 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 1.09% or 0.009 points to end at 0.819 and Amanat Holdings PJSC (DU: AMANT ) shed 0.92% or 0.010 points to 1.080.

The top performers on the ADX General were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which rose 8.39% to 1.5500, Natl Bk Of Rak (AD: RAKB ) which was up 4.35% to settle at 4.80 and Gulf Cement Co (AD: GCEM ) which gained 3.92% to close at 1.0600.

The worst performers were Int Fish Farmi (AD: ASMK ) which was down 4.57% to 1.67 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 4.08% to settle at 2.350 and Waha Capital (AD: WAHA ) which was down 2.17% to 1.800 at the close.

Advancing stocks outnumbered falling ones by 20 to 9 and 8 ended unchanged; on the Abu Dhabi, 11 rose and 10 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.76% or 0.40 to $52.25 a barrel. Meanwhile, Brent oil for delivery in June fell 0.89% or 0.49 to hit $54.87 a barrel, while the June Gold Futures contract fell 0.42% or 5.40 to trade at $1286.50 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.26% to 3.9175.

The US Dollar Index Futures was down 0.22% at 99.98.

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