Investing.com – United Arab Emirates stocks were lower after the close on Tuesday, as losses in the Telecoms, Consumer Staples and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General lost 0.87%, while the ADX General index declined 0.20%.
The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 3.09% or 0.016 points to trade at 0.534 at the close. Meanwhile, SHUAA Capital PSC (DU:SHUA) added 2.07% or 0.030 points to end at 1.480 and Air Arabia PJSC (DU:AIRA) was up 1.49% or 0.020 points to 1.360 in late trade.
The worst performers of the session were ARAMEX PJSC (DU:ARMX), which fell 4.25% or 0.180 points to trade at 4.060 at the close. Takaful Emarat PSC (DU:TKFE) declined 3.23% or 0.080 points to end at 2.400 and Dubai Financial Market PJSC (DU:DFM) was down 2.96% or 0.040 points to 1.310.
The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:ADNH) which rose 7.02% to 3.05, Agthia Group (AD:AGTH) which was up 3.55% to settle at 7.00 and Ad Shipbldg Co (AD:ADSB) which gained 2.81% to close at 2.560.
The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 5.65% to 2.170 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 5.49% to settle at 4.300 and Rak Properties (AD:RPRO) which was down 1.43% to 0.690 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 26 to 12 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 14 fell and 12 advanced, while 5 ended unchanged.
Crude oil for January delivery was up 0.49% or 0.26 to $53.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.59% or 0.33 to hit $56.02 a barrel, while the February Gold contract fell 0.51% or 5.95 to trade at $1159.85 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.18% to 3.8987.
The US Dollar Index was up 0.16% at 101.16.