United Arab Emirates stocks lower at close of trade; DFM General down 0.84%

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© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.84%© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.84%

Investing.com – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Services, Telecoms and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General lost 0.84% to hit a new 52-week low, while the ADX General index lost 0.04%.

The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 4.06% or 0.014 points to trade at 0.359 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 2.88% or 0.030 points to end at 1.070 and SHUAA Capital PSC (DU:SHUA) was up 0.96% or 0.010 points to 1.050 in late trade.

The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 2.86% or 0.050 points to trade at 1.700 at the close. Drake & Scull International PJSC (DU:DSI) declined 2.70% or 0.050 points to end at 1.800 and Deyaar Development PJSC (DU:DEYR) was down 2.45% or 0.013 points to 0.517.

The top performers on the ADX General were Ad Natl Energy (AD:TAQA) which rose 13.43% to 0.760, National Takaful Co PJSC (AD:WATA) which was up 13.33% to settle at 0.51 and Bank Of Sharja (AD:BOS) which gained 5.31% to close at 1.190.

The worst performers were Emirates Ins C (AD:EIC) which was down 5.06% to 7.50 in late trade, International Holding Company PJSC (AD:IHC) which lost 2.10% to settle at 1.40 and Gulf Pharm Ind (AD:GPHI) which was down 1.36% to 2.180 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 25 to 7 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 9 ended unchanged.

Shares in National Central Cooling Co. (DU:TABR) fell to 52-week lows; down 2.86% or 0.050 to 1.700. Shares in Ad Natl Energy (AD:TAQA) rose to 52-week highs; gaining 13.43% or 0.090 to 0.760. Shares in International Holding Company PJSC (AD:IHC) fell to 52-week lows; down 2.10% or 0.03 to 1.40.

Crude oil for April delivery was up 0.37% or 0.23 to $61.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 1.19% or 0.78 to hit $64.89 a barrel, while the April Gold Futures contract fell 1.21% or 16.40 to trade at $1339.80 a troy ounce.

USD/AED was up 0.01% to 3.6733, while EUR/AED fell 0.59% to 4.5306.

The US Dollar Index Futures was up 0.56% at 89.58.

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