Investing.com – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Telecoms, Services and Banking sectors led shares lower.
At the close in Dubai, the DFM General lost 0.11%, while the ADX General index declined 1.10%.
The best performers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 2.78% or 0.020 points to trade at 0.740 at the close. Meanwhile, Takaful House (DU:DTKF) added 2.71% or 0.013 points to end at 0.492 and Islamic Arab Insurance Company (DU:SALAMA) was up 2.55% or 0.012 points to 0.483 in late trade.
The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 8.15% or 5.95 points to trade at 67.05 at the close. Takaful Emarat PSC (DU:TKFE) declined 2.17% or 0.040 points to end at 1.800 and National Central Cooling Co. (DU:TABR) was down 1.48% or 0.020 points to 1.330.
The top performers on the ADX General were Green Crs Ins (AD:GCIC) which rose 14.67% to 0.860, Int Fish Farmi (AD:ASMK) which was up 14.29% to settle at 1.52 and Rak Properties (AD:RPRO) which gained 11.11% to close at 0.600.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.85% to 5.58 in late trade, Al Khazna Ins (AD:AKIC) which lost 9.76% to settle at 0.370 and Natl Bk Of Ad (AD:NBAD) which was down 4.94% to 8.27 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 15 to 14 and 4 ended unchanged; on the Abu Dhabi Stock Exchange, 13 rose and 11 declined, while 6 ended unchanged.
Shares in Mashreqbank PSC (DU:MASB) fell to 52-week lows; losing 8.15% or 5.95 to 67.05.
Crude oil for June delivery was down 0.05% or 0.02 to $43.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.10% or 0.48 to hit $44.11 a barrel, while the June Gold contract rose 0.02% or 0.30 to trade at $1266.90 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.13% to 4.1751.
The US Dollar Index was up 0.12% at 94.25.