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United Arab Emirates stocks mixed at close of trade; DFM General down 0.21%

Published 07/24/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.21%
DFMBK
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DFMGI
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DFMIF
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DFMIN
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DFMTC
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AMAN
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ARMX
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DSI
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SALAMA
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DFMCSI
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DFMSV
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UAB
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IHC
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BILDCO
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WAHA
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FTFADGI
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AMANT
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Investing.com – United Arab Emirates stocks were mixed after the close on Tuesday, as gains in the Services, Finance & Investment and Consumer Staples sectors led shares higher while losses in the Telecoms, Banking and Insurance sectors led shares lower.

At the close in Dubai, the DFM General lost 0.21%, while the ADX General index gained 0.33%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 2.48% or 0.050 points to trade at 2.070 at the close. Meanwhile, Amanat Holdings PJSC (DU:AMANT) added 1.63% or 0.020 points to end at 1.250 and Drake & Scull International PJSC (DU:DSI) was up 1.00% or 0.007 points to 0.707 in late trade.

The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 2.14% or 0.015 points to trade at 0.685 at the close. Islamic Arab Insurance Company (DU:SALAMA) declined 1.23% or 0.005 points to end at 0.400 and ARAMEX PJSC (DU:ARMX) was down 1.16% or 0.050 points to 4.250.

The top performers on the ADX General were Union Natl Bk (AD:UNB) which rose 2.68% to 3.450, Bank Of Sharja (AD:BOS) which was up 1.89% to settle at 1.080 and Waha Capital (AD:WAHA) which gained 1.69% to close at 1.800.

The worst performers were United Arab Bk (AD:UAB) which was down 8.62% to 1.060 in late trade, International Holding Company PJSC (AD:IHC) which lost 3.88% to settle at 1.24 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 1.89% to 0.520 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 12 and 5 ended unchanged; on the Abu Dhabi, 9 fell and 6 advanced, while 9 ended unchanged.

Shares in International Holding Company PJSC (AD:IHC) fell to 52-week lows; losing 3.88% or 0.05 to 1.24.

Crude oil for September delivery was up 0.56% or 0.38 to $68.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.07% or 0.05 to hit $73.11 a barrel, while the August Gold Futures contract rose 0.11% or 1.40 to trade at $1227.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.16% to 4.3011.

The US Dollar Index Futures was down 0.20% at 94.23.

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