Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

United Arab Emirates stocks mixed at close of trade; DFM General up 0.50%

Published 10/17/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.50%
DFMBK
-
DFMGI
-
DFMIF
-
DFMIN
-
DFMRE
-
DFMTP
-
AMAN
-
ARTC
-
DEYR
-
DISB
-
SALAMA
-
DFMCSI
-
ADIB
-
EMSTEEL
-
EAND
-
RAKBANK
-
WAHA
-
FTFADGI
-
DAMAC
-
ESHRAQ
-

Investing.com – United Arab Emirates stocks were mixed after the close on Wednesday, as gains in the Real Estate & Construction, Transport and Finance & Investment sectors led shares higher while losses in the Insurance, Banking and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General gained 0.50%, while the ADX General index fell 0.30%.

The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 3.43% or 0.060 points to trade at 1.810 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 3.23% or 0.020 points to end at 0.640 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 2.63% or 0.050 points to 1.950 in late trade.

The worst performers of the session were Islamic Arab Insurance Company (DU:SALAMA), which fell 5.28% or 0.039 points to trade at 0.700 at the close. Deyaar Development PJSC (DU:DEYR) declined 2.11% or 0.010 points to end at 0.465 and Dubai Islamic Bank (DU:DISB) was down 1.15% or 0.060 points to 5.160.

The top performers on the ADX General were Natl Bk Of Rak (AD:RAKB) which rose 1.74% to 4.10, Waha Capital (AD:WAHA) which was up 0.54% to settle at 1.850 and Emirates Telec (AD:ETEL) which gained 0.12% to close at 16.68.

The worst performers were Ad Islamic Bk (AD:ADIB) which was down 3.58% to 3.500 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 2.12% to settle at 0.5090 and Eshraq Properties Co PJSC (AD:ESHR) which was down 1.91% to 0.6160 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 13 and 4 ended unchanged; on the Abu Dhabi, 8 fell and 3 advanced, while 9 ended unchanged.

Shares in Arkan Building Materials Co PJSC (AD:ARKN) fell to all time lows; down 2.12% or 0.0110 to 0.5090.

Crude oil for November delivery was down 0.47% or 0.34 to $71.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.23% or 0.19 to hit $81.22 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1229.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.27% to 4.2398.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.