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United Arab Emirates stocks mixed at close of trade; DFM General up 0.72%

Published 01/22/2017, 06:15 AM
Updated 01/22/2017, 08:50 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.72%
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Investing.com – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Finance & Investment, Services and Insurance sectors led shares higher while losses in the Consumer Staples, Telecoms and Transport sectors led shares lower.

At the close in Dubai, the DFM General added 0.72%, while the ADX General index lost 0.13%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 13.58% or 0.220 points to trade at 1.840 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 4.95% or 0.050 points to end at 1.060 and Drake & Scull International PJSC (DU:DSI) was up 4.77% or 0.025 points to 0.549 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 4.00% or 0.06 points to trade at 1.44 at the close. Mashreqbank PSC (DU:MASB) declined 1.28% or 1.00 points to end at 77.00 and Union Properties PJSC (DU:UPRO) was down 0.86% or 0.010 points to 1.150.

The top performers on the ADX General were Foodco Holding PJSC (AD:FOOD) which rose 15.00% to 5.29, Waha Capital (AD:WAHA) which was up 14.76% to settle at 2.410 and Eshraq Properties Co PJSC (AD:ESHR) which gained 12.96% to close at 1.2200.

The worst performers were Commercial Bank International (AD:CBI) which was down 9.55% to 1.800 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 5.71% to settle at 0.660 and Al Khazna Ins (AD:AKIC) which was down 4.44% to 0.430 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 26 to 13 and 4 ended unchanged; on the Abu Dhabi, 17 rose and 10 declined, while 4 ended unchanged.

Shares in SHUAA Capital PSC (DU:SHUA) rose to 5-year highs; gaining 13.58% or 0.220 to 1.840. Shares in Foodco Holding PJSC (AD:FOOD) rose to 52-week highs; rising 15.00% or 0.69 to 5.29. Shares in Commercial Bank International (AD:CBI) fell to 52-week lows; falling 9.55% or 0.190 to 1.800. Shares in Waha Capital (AD:WAHA) rose to 52-week highs; up 14.76% or 0.310 to 2.410. Shares in Eshraq Properties Co PJSC (AD:ESHR) rose to 52-week highs; rising 12.96% or 0.1400 to 1.2200.

Crude oil for March delivery was up 2.05% or 1.07 to $53.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.38% or 1.29 to hit $55.45 a barrel, while the February Gold contract rose 0.67% or 8.00 to trade at $1209.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.39% to 3.9319.

The US Dollar Index was down 0.33% at 100.77.

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