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United Arab Emirates stocks mixed at close of trade; DFM General down 0.53%

Published 01/21/2018, 06:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.53%
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Investing.com – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Telecoms, Transport and Banking sectors led shares higher while losses in the Consumer Staples, Real Estate & Construction and Insurance sectors led shares lower.

At the close in Dubai, the DFM General fell 0.53%, while the ADX General index gained 0.23%.

The best performers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 1.06% or 0.090 points to trade at 8.550 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 0.92% or 0.020 points to end at 2.190 and Takaful House (DU:DTKF) was up 0.75% or 0.007 points to 0.939 in late trade.

The worst performers of the session were Emaar Malls (DU:EMAA), which fell 2.52% or 0.060 points to trade at 2.320 at the close. Gulf General Investments Company (DU:GGIC) declined 2.00% or 0.008 points to end at 0.392 and Arabtec Holding PJSC (DU:ARTC) was down 1.89% or 0.050 points to 2.600.

The top performers on the ADX General were Commercial Bank International (AD:CBI) which rose 14.94% to 1.000, Nat Bk Qaiwain (AD:NBQ) which was up 11.11% to settle at 3.00 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which gained 1.72% to close at 0.590.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was down 8.16% to 0.900 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 5.13% to settle at 0.7400 and Rak Ceramics (AD:RKCE) which was down 3.33% to 2.610 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 21 to 10 and 9 ended unchanged; on the Abu Dhabi, 12 rose and 10 declined, while 11 ended unchanged.

Shares in Rak Cmt & Cons (AD:RAKC) fell to 5-year lows; losing 8.16% or 0.080 to 0.900.

Crude oil for March delivery was unchanged 0.00% or 0.00 to $63.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.81% or 0.56 to hit $68.75 a barrel, while the February Gold Futures contract rose 0.29% or 3.90 to trade at $1331.10 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.13% to 4.4890.

The US Dollar Index Futures was up 0.20% at 90.49.

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