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United Arab Emirates stocks mixed at close of trade; DFM General down 0.25%

Published 04/05/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.25%
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Investing.com – United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Telecoms, Services and Insurance sectors led shares higher while losses in the Finance & Investment, Banking and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General lost 0.25% to hit a new 52-week low, while the ADX General index added 1.73%.

The best performers of the session on the DFM General were National Central Cooling Co. (DU:TABR), which rose 3.12% or 0.050 points to trade at 1.650 at the close. Meanwhile, Air Arabia PJSC (DU:AIRA) added 1.69% or 0.020 points to end at 1.200 and Marka Pjse (DU:MARKA) was unchanged 0.86% or 0.00 points to 0.47 in late trade.

The worst performers of the session were Emirates NBD PJSC (DU:ENBD), which fell 3.29% or 0.350 points to trade at 10.300 at the close. Dubai Financial Market PJSC (DU:DFM) declined 1.92% or 0.020 points to end at 1.020 and ARAMEX PJSC (DU:ARMX) was down 1.19% or 0.050 points to 4.150.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 14.85% to 2.63, Ad Natl Energy (AD:TAQA) which was up 5.88% to settle at 0.900 and Invest Bank AD (AD:INVB) which gained 4.17% to close at 2.500.

The worst performers were National Corp Tourism Hotels (AD:NCTH) which was down 4.65% to 2.05 in late trade, Bank Of Sharja (AD:BOS) which lost 2.56% to settle at 1.140 and Union Natl Bk (AD:UNB) which was down 2.16% to 3.620 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 20 to 12 and 7 ended unchanged; on the Abu Dhabi, 14 rose and 10 declined, while 5 ended unchanged.

Shares in Dubai Financial Market PJSC (DU:DFM) fell to 52-week lows; down 1.92% or 0.020 to 1.020. Shares in Marka Pjse (DU:MARKA) unchanged to all time lows; unchanged 0.86% or 0.00 to 0.47. Shares in Ad Natl Energy (AD:TAQA) rose to 3-years highs; up 5.88% or 0.050 to 0.900.

Crude oil for May delivery was down 0.28% or 0.18 to $63.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.21% or 0.14 to hit $67.88 a barrel, while the June Gold Futures contract fell 0.52% or 7.00 to trade at $1333.20 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.04% to 4.5085.

The US Dollar Index Futures was up 0.09% at 89.86.

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