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United Arab Emirates stocks mixed at close of trade; DFM General up 0.86%

Published 09/20/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.86%
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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 Finance & Investment, Services and Telecoms sectors led shares lower.

At the close in Dubai, the DFM General added 0.86%, while the ADX General index declined 0.01%.

The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 7.95% or 0.140 points to trade at 1.900 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 4.03% or 0.024 points to end at 0.620 and Gulf General Investments Company (DU:GGIC) was up 3.82% or 0.010 points to 0.272 in late trade.

The worst performers of the session were Dubai Investments PJSC (DU:DINV), which fell 1.58% or 0.030 points to trade at 1.870 at the close. Takaful House (DU:DTKF) declined 1.42% or 0.009 points to end at 0.623 and Dubai Financial Market PJSC (DU:DFM) was down 0.33% or 0.003 points to 0.917.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:ADNH) which rose 5.56% to 2.85, Dana Gas (AD:DANA) which was up 1.77% to settle at 1.150 and Bank Of Sharja (AD:BOS) which gained 0.93% to close at 1.080.

The worst performers were Rak Ceramics (AD:RKCE) which was down 5.86% to 2.250 in late trade, Ad Commercial (AD:ADCB) which lost 2.92% to settle at 7.66 and Sharjah Islami (AD:SIB) which was down 1.67% to 1.180 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 26 to 8 and 3 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 3 ended unchanged.

Crude oil for November delivery was up 0.68% or 0.48 to $71.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.40% or 0.32 to hit $79.72 a barrel, while the December Gold Futures contract fell 0.07% or 0.80 to trade at $1207.50 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.38% to 4.3043.

The US Dollar Index Futures was down 0.32% at 93.82.

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