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United Arab Emirates stocks mixed at close of trade; DFM General up 0.90%

Published 04/01/2018, 07:15 AM
Updated 04/01/2018, 10:40 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.90%
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Investing.com – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Services, Telecoms and Finance & Investment sectors led shares higher while losses in the Insurance, Consumer Staples and Banking sectors led shares lower.

At the close in Dubai, the DFM General rose 0.90%, while the ADX General index lost 0.04%.

The best performers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 8.15% or 0.04 points to trade at 0.50 at the close. Meanwhile, Gulf General Investments Company (DU:GGIC) added 3.65% or 0.012 points to end at 0.341 and Amanat Holdings PJSC (DU:AMANT) was up 3.01% or 0.040 points to 1.370 in late trade.

The worst performers of the session were AJMAN BANK PJSC (DU:AJBNK), which fell 1.90% or 0.020 points to trade at 1.030 at the close. SHUAA Capital PSC (DU:SHUA) declined 1.90% or 0.020 points to end at 1.030 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was down 0.82% or 0.004 points to 0.482.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 14.50% to 2.29, Eshraq Properties Co PJSC (AD:ESHR) which was up 2.78% to settle at 0.7400 and Dana Gas (AD:DANA) which gained 2.17% to close at 0.940.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 7.69% to 0.240 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 4.41% to settle at 0.6500 and Agthia Group (AD:AGTH) which was down 4.32% to 4.21 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 23 to 11 and 6 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 4 ended unchanged.

Shares in Al Khazna Ins (AD:AKIC) fell to all time lows; falling 7.69% or 0.020 to 0.240. Shares in Dana Gas (AD:DANA) rose to 3-years highs; rising 2.17% or 0.020 to 0.940.

Crude oil for May delivery was up 0.79% or 0.51 to $64.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.04% or 0.03 to hit $69.44 a barrel, while the April Gold Futures contract rose 0.06% or 0.80 to trade at $1325.00 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.17% to 4.5260.

The US Dollar Index Futures was down 0.01% at 89.75.

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