United Arab Emirates shares mixed at close of trade; DFM General down 0.18%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.18%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.18%, while the ADX General index added 0.52%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU: MARKA ), which rose 3.45% or 0.01 points to trade at 0.33 at the close. Emaar Development PJSC (DU: EMAARDEV ) added 2.04% or 0.110 points to end at 5.510 and Dubai Investments PJSC (DU: DINV ) was up 1.94% or 0.040 points to 2.100 in late trade.

Biggest losers included Dubai Islamic Bank (DU: DISB ), which lost 1.98% or 0.110 points to trade at 5.440 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 1.83% or 0.040 points to end at 2.140 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 1.81% or 0.008 points to 0.435.

The top performers on the ADX General were Nat Bk Qaiwain (AD: NBQ ) which rose 10.07% to 2.95, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 8.00% to settle at 0.540 and Invest Bank AD (AD: INVB ) which gained 4.00% to close at 2.340.

The worst performers were Union Insurance Co PSC (AD: UNIN ) which was down 7.33% to 1.39 in late trade, International Holding Company PJSC (AD: IHC ) which lost 4.17% to settle at 1.38 and Gulf Cement Co (AD: GCEM ) which was down 3.70% to 1.0400 at the close.

Declining stocks outnumbered rising ones by 17 to 12 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 11 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.88% or 0.60 to $69.07 a barrel. Meanwhile, Brent oil for delivery in June rose 1.01% or 0.74 to hit $74.22 a barrel, while the June Gold Futures contract fell 0.24% or 3.20 to trade at $1350.30 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.08% to 4.5423.

The US Dollar Index Futures was up 0.04% at 89.39.

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