United Arab Emirates shares mixed at close of trade; DFM General down 0.25%

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

At the close in Dubai, the DFM General declined 0.25% to hit a new 52-week low, while the ADX General index added 1.73%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 3.12% or 0.050 points to trade at 1.650 at the close. Air Arabia PJSC (DU: AIRA ) added 1.69% or 0.020 points to end at 1.200 and Marka Pjse (DU: MARKA ) was unchanged 0.86% or 0.00 points to 0.47 in late trade.

Biggest losers included Emirates NBD PJSC (DU: ENBD ), which lost 3.29% or 0.350 points to trade at 10.300 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.92% or 0.020 points to end at 1.020 and ARAMEX PJSC (DU: ARMX ) shed 1.19% or 0.050 points to 4.150.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 14.85% to 2.63, Ad Natl Energy (AD: TAQA ) which was up 5.88% to settle at 0.900 and Invest Bank AD (AD: INVB ) which gained 4.17% to close at 2.500.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 4.65% to 2.05 in late trade, Bank Of Sharja (AD: BOS ) which lost 2.56% to settle at 1.140 and Union Natl Bk (AD: UNB ) which was down 2.16% to 3.620 at the close.

Advancing stocks outnumbered falling ones by 20 to 12 and 7 ended unchanged; on the Abu Dhabi, 14 rose and 10 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.32% or 0.20 to $63.17 a barrel. Meanwhile, Brent oil for delivery in June fell 0.25% or 0.17 to hit $67.85 a barrel, while the June Gold Futures contract fell 0.53% or 7.10 to trade at $1333.10 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.04% to 4.5085.

The US Dollar Index Futures was up 0.10% at 89.87.