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 Transport, Real Estate & Construction and Consumer Staples sectors led shares lower.
At the close in Dubai, the DFM General fell 1.78% to hit a new 52-week low, while the ADX General index added 0.24%.
The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 1.55% or 0.020 points to trade at 1.310 at the close. Meanwhile, Gulf General Investments Company (DU:GGIC) added 1.18% or 0.004 points to end at 0.343 and AJMAN BANK PJSC (DU:AJBNK) was up 0.93% or 0.010 points to 1.090 in late trade.
The worst performers of the session were Emirates Refreshments Company (DU:ERC), which fell 9.86% or 0.360 points to trade at 3.290 at the close. Air Arabia PJSC (DU:AIRA) declined 9.30% or 0.120 points to end at 1.170 and Mashreqbank PSC (DU:MASB) was down 9.09% or 7.00 points to 70.00.
The top performers on the ADX General were Dana Gas (AD:DANA) which rose 12.00% to 0.840, National Marine Dredging PSC (AD:NMDC) which was up 9.37% to settle at 3.500 and Ad Natl Energy (AD:TAQA) which gained 6.94% to close at 0.770.
The worst performers were Foodco Holding PJSC (AD:FOOD) which was down 10.00% to 4.77 in late trade, United Arab Bk (AD:UAB) which lost 10.00% to settle at 1.440 and Ad Commercial (AD:ADCB) which was down 6.22% to 6.63 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 32 to 6 and 3 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined, while 5 ended unchanged.
Shares in Emirates Refreshments Company (DU:ERC) fell to 5-year lows; falling 9.86% or 0.360 to 3.290. Shares in Dana Gas (AD:DANA) rose to 3-years highs; gaining 12.00% or 0.090 to 0.840. Shares in Ad Commercial (AD:ADCB) fell to 52-week lows; losing 6.22% or 0.44 to 6.63.
Crude oil for May delivery was down 0.14% or 0.09 to $65.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.23% or 0.16 to hit $69.31 a barrel, while the April Gold Futures contract rose 0.66% or 8.70 to trade at $1330.20 a troy ounce.
USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.23% to 4.5235.
The US Dollar Index Futures was unchanged 0.00% at 89.28.