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United Arab Emirates stocks mixed at close of trade; DFM General down 0.35%

Published 07/09/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.35%
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Investing.com – United Arab Emirates stocks were mixed after the close on Monday, as gains in the Transport, Telecoms and Insurance sectors led shares higher while losses in the Services, Real Estate & Construction and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General declined 0.35%, while the ADX General index climbed 0.03%.

The best performers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 10.55% or 0.067 points to trade at 0.702 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 7.97% or 0.076 points to end at 1.030 and Takaful House (DU:DTKF) was up 5.80% or 0.036 points to 0.657 in late trade.

The worst performers of the session were Amanat Holdings PJSC (DU:AMANT), which fell 6.67% or 0.090 points to trade at 1.260 at the close. Gulf General Investments Company (DU:GGIC) declined 1.84% or 0.005 points to end at 0.267 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 1.39% or 0.030 points to 2.130.

The top performers on the ADX General were Finance House (AD:FH) which rose 5.88% to 1.800, Gulf Cement Co (AD:GCEM) which was up 5.10% to settle at 1.0300 and Ad Natl Energy (AD:TAQA) which gained 4.35% to close at 1.200.

The worst performers were Arkan Building Materials Co PJSC (AD:ARKN) which was down 3.33% to 0.5800 in late trade, Methaq (AD:METH) which lost 2.53% to settle at 0.770 and Waha Capital (AD:WAHA) which was down 2.22% to 1.760 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 21 to 12 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 12 ended unchanged.

Crude oil for August delivery was up 0.04% or 0.03 to $73.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.01% or 0.78 to hit $77.89 a barrel, while the August Gold Futures contract rose 0.80% or 10.10 to trade at $1265.90 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.23% to 4.3246.

The US Dollar Index Futures was down 0.27% at 93.51.

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