Investing – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Real Estate & Construction, Transport and Banking sectors led shares lower.
At the close in Dubai, the DFM General fell 1.41%, while the ADX General index fell 0.75%.
The best performers of the session on the DFM General were Emaar Malls Group (DU:EMAA), which rose 1.09% or 0.03 points to trade at 2.79 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 0.92% or 0.010 points to end at 1.100 and Dubai Parks and Resorts PJSC (DU:DUBA) was up 0.83% or 0.010 points to 1.210 in late trade.
The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 4.55% or 5.00 points to trade at 105.00 at the close. Arabtec Holding PJSC (DU:ARTC) declined 4.31% or 0.050 points to end at 1.110 and Gulf General Investments Company (DU:GGIC) was down 3.99% or 0.027 points to 0.650.
The top performers on the ADX General were Gulf Medical Projects Co PSC (AD:GMPC) which rose 4.17% to 2.50, Arkan Bld Mt C (AD:ARKN) which was up 3.53% to settle at 0.85 and Ad Aviation (AD:ADAV) which gained 3.33% to close at 3.10.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.94% to 4.89 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 4.26% to settle at 2.70 and Natl Bk Of Rak (AD:RAKB) which was down 3.73% to 6.45 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 21 to 5 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 17 fell and 6 advanced, while 3 ended unchanged.
Shares in Mashreqbank PSC (DU:MASB) fell to 52-week lows; down 4.55% or 5.00 to 105.00. Shares in Natl Bk Of Rak (AD:RAKB) fell to 52-week lows; down 3.73% or 0.25 to 6.45.
Crude oil for January delivery was up 0.73% or 0.30 to $42.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.05% or 0.47 to hit $45.30 a barrel, while the December Gold contract rose 0.67% or 7.10 to trade at $1073.90 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.18% to 3.9131.
The US Dollar Index was down 0.20% at 99.64.
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