United Arab Emirates shares mixed at close of trade; DFM General down 0.14%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.14%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Thursday, as gains in the Banking , Transport and Services sectors propelled shares higher while losses in the Consumer Staples , Real Estate & Construction and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General fell 0.14%, while the ADX General index added 0.25%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 9.93% or 6.95 points to trade at 76.95 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 1.67% or 0.020 points to end at 1.220 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.05% or 0.009 points to 0.869 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 1.56% or 0.011 points to trade at 0.694 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 0.93% or 0.010 points to end at 1.070 and Dubai Financial Market PJSC (DU: DFM ) shed 0.87% or 0.010 points to 1.140.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 15.00% to 9.20, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 13.64% to settle at 0.500 and Rak Cement Co (AD: RKCC ) which gained 3.80% to close at 0.820.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 5.66% to 2.000 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 1.43% to settle at 3.450 and Eshraq Properties Co PJSC (AD: ESHR ) which was down 1.28% to 0.7700 at the close.

Declining stocks outnumbered rising ones by 23 to 10 and 9 ended unchanged; on the Abu Dhabi, 14 rose and 13 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.63% or 0.40 to $63.97 a barrel. Meanwhile, Brent oil for delivery in March rose 0.46% or 0.32 to hit $69.52 a barrel, while the February Gold Futures contract rose 0.03% or 0.40 to trade at $1319.70 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.01% to 4.3883.

The US Dollar Index Futures was up 0.07% at 92.17.

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