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United Arab Emirates stocks mixed at close of trade; DFM General up 0.19%

Published 06/21/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.19%
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Investing.com – United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Insurance, Banking and Real Estate & Construction sectors led shares higher while losses in the Consumer Staples, Transport and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General rose 0.19%, while the ADX General index lost 0.33%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 3.39% or 0.060 points to trade at 1.830 at the close. Meanwhile, Takaful House (DU:DTKF) added 3.06% or 0.020 points to end at 0.674 and Dubai Islamic Bank (DU:DISB) was up 1.42% or 0.070 points to 5.010 in late trade.

The worst performers of the session were DXB Entertainments (P.J.S.C.) (DU:DXBE), which fell 4.94% or 0.019 points to trade at 0.366 at the close. Air Arabia PJSC (DU:AIRA) declined 3.85% or 0.040 points to end at 1.000 and Arabtec Holding PJSC (DU:ARTC) was down 3.27% or 0.070 points to 2.070.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:ADNH) which rose 9.56% to 2.75, Rak Cement Co (AD:RKCC) which was up 8.70% to settle at 0.750 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 1.67% to close at 0.6100.

The worst performers were Nat Bk Qaiwain (AD:NBQ) which was down 9.83% to 2.66 in late trade, Foodco Holding PJSC (AD:FOOD) which lost 5.41% to settle at 3.50 and Methaq (AD:METH) which was down 4.88% to 0.780 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 17 and 5 ended unchanged; on the Abu Dhabi, 15 fell and 6 advanced, while 8 ended unchanged.

Shares in Air Arabia PJSC (DU:AIRA) fell to 52-week lows; down 3.85% or 0.040 to 1.000. Shares in Foodco Holding PJSC (AD:FOOD) fell to 52-week lows; losing 5.41% or 0.20 to 3.50.

Crude oil for August delivery was down 1.46% or 0.96 to $64.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.58% or 1.18 to hit $73.56 a barrel, while the August Gold Futures contract fell 0.78% or 9.90 to trade at $1264.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.32% to 4.2385.

The US Dollar Index Futures was up 0.26% at 95.03.

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