Investing.com – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Telecoms, Services and Insurance sectors led shares lower.
At the close in Dubai, the DFM General fell 0.19% to hit a new 6-months low, while the ADX General index fell 0.10%.
The best performers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 15.00% or 0.066 points to trade at 0.506 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 4.51% or 0.060 points to end at 1.390 and ARAMEX PJSC (DU:ARMX) was up 2.84% or 0.110 points to 3.990 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 5.02% or 0.140 points to trade at 2.650 at the close. Arabtec Holding PJSC (DU:ARTC) declined 4.65% or 0.060 points to end at 1.230 and Commercial Bank of Dubai P.S.C. (DU:CBD) was down 4.00% or 0.200 points to 4.800.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.38% to 2.800, Em Driving Co (AD:DRIV) which was up 8.70% to settle at 7.00 and Int Fish Farmi (AD:ASMK) which gained 5.44% to close at 1.55.
The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 10.00% to 2.250 in late trade, National Corp Tourism Hotels (AD:NCTH) which lost 9.73% to settle at 2.97 and Gulf Pharm Ind (AD:GPHI) which was down 5.53% to 2.050 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 15 and 4 ended unchanged; on the Abu Dhabi Stock Exchange, 12 fell and 12 advanced, while 7 ended unchanged.
Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 52-week highs; up 4.51% or 0.060 to 1.390. Shares in National Corp Tourism Hotels (AD:NCTH) fell to 52-week lows; down 9.73% or 0.32 to 2.97. Shares in Gulf Pharm Ind (AD:GPHI) fell to 3-years lows; falling 5.53% or 0.120 to 2.050.
Crude oil for December delivery was up 2.68% or 1.16 to $44.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 2.39% or 1.06 to hit $45.49 a barrel, while the December Gold contract rose 0.30% or 3.65 to trade at $1225.35 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.38% to 3.9587.
The US Dollar Index was down 0.13% at 99.90.