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United Arab Emirates stocks mixed at close of trade; DFM General down 0.52%

Published 08/16/2018, 07:15 AM
Updated 08/16/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.52%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.52%

Investing.com – United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Consumer Staples, Telecoms and Services sectors led shares higher while losses in the Finance & Investment, Banking and Insurance sectors led shares lower.

At the close in Dubai, the DFM General fell 0.52% to hit a new 52-week low, while the ADX General index gained 0.42%.

The best performers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU:DXBE), which rose 3.64% or 0.012 points to trade at 0.342 at the close. Meanwhile, Deyaar Development PJSC (DU:DEYR) added 2.24% or 0.009 points to end at 0.410 and Arabtec Holding PJSC (DU:ARTC) was up 2.12% or 0.040 points to 1.930 in late trade.

The worst performers of the session were Dubai National Insurance (DU:DNIN), which fell 8.57% or 0.300 points to trade at 3.200 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 5.52% or 0.038 points to end at 0.651 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 1.88% or 0.040 points to 2.090.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 14.13% to 2.100, Ad Natl Energy (AD:TAQA) which was up 6.19% to settle at 1.200 and Dana Gas (AD:DANA) which gained 1.80% to close at 1.130.

The worst performers were Finance House (AD:FH) which was down 9.47% to 1.530 in late trade, Commercial Bank International (AD:CBI) which lost 4.11% to settle at 0.700 and Ad Aviation (AD:ADAV) which was down 3.01% to 2.900 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 15 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 7 ended unchanged.

Crude oil for September delivery was down 0.06% or 0.04 to $64.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.11% or 0.08 to hit $70.84 a barrel, while the December Gold Futures contract rose 0.14% or 1.60 to trade at $1186.60 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.20% to 4.1773.

The US Dollar Index Futures was down 0.11% at 96.48.

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