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United Arab Emirates stocks mixed at close of trade; DFM General down 0.37%

Published 11/04/2018, 06:15 AM
Updated 11/04/2018, 06:25 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.37%
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Investing.com – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Consumer Staples, Insurance and Finance & Investment sectors led shares higher while losses in the Services, Real Estate & Construction and Transport sectors led shares lower.

At the close in Dubai, the DFM General fell 0.37%, while the ADX General index gained 0.38%.

The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 1.87% or 0.017 points to trade at 0.927 at the close. Meanwhile, Emaar Development PJSC (DU:EMAARDEV) added 1.23% or 0.060 points to end at 4.920 and Dubai Islamic Insurance Co. (DU:AMAN) was up 1.12% or 0.007 points to 0.633 in late trade.

The worst performers of the session were Amanat Holdings PJSC (DU:AMANT), which fell 4.27% or 0.050 points to trade at 1.120 at the close. Gulf General Investments Company (DU:GGIC) declined 2.44% or 0.006 points to end at 0.240 and National Central Cooling Co. (DU:TABR) was down 2.37% or 0.040 points to 1.650.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD:NBF) which rose 14.86% to 3.40, Rak Cmt & Cons (AD:RAKC) which was up 14.81% to settle at 0.930 and Abu Dhabi National Hotels Co (AD:ADNH) which gained 14.29% to close at 4.00.

The worst performers were Ooredoo QSC (AD:ORDS) which was down 10.00% to 63.00 in late trade, Union Insurance Co PSC (AD:UNIN) which lost 9.77% to settle at 1.20 and Fujairah Building Industries Co PSC (AD:FBI) which was down 9.62% to 1.41 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 11 and 6 ended unchanged; on the Abu Dhabi, 0 fell and 0 advanced.

Shares in Gulf General Investments Company (DU:GGIC) fell to 5-year lows; losing 2.44% or 0.006 to 0.240. Shares in Union Insurance Co PSC (AD:UNIN) fell to 52-week lows; down 9.77% or 0.13 to 1.20. Shares in Abu Dhabi National Hotels Co (AD:ADNH) rose to 5-year highs; up 14.29% or 0.50 to 4.00. Shares in Fujairah Building Industries Co PSC (AD:FBI) fell to 52-week lows; falling 9.62% or 0.15 to 1.41.

Crude oil for December delivery was down 1.30% or 0.83 to $62.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.44% or 0.32 to hit $72.57 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1234.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.18% to 4.1830.

The US Dollar Index Futures was up 0.22% at 96.29.

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