United Arab Emirates shares mixed at close of trade; DFM General down 0.46%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.46%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.46%, while the ADX General index climbed 0.22%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 4.27% or 0.090 points to trade at 2.200 at the close. SHUAA Capital PSC (DU: SHUA ) added 1.82% or 0.020 points to end at 1.120 and Gulf General Investments Company (DU: GGIC ) was up 1.43% or 0.004 points to 0.284 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 4.80% or 0.020 points to trade at 0.397 in late trade. Dubai Islamic Bank (DU: DISB ) declined 2.12% or 0.110 points to end at 5.070 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 2.02% or 0.050 points to 2.430.

The top performers on the ADX General were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which rose 10.91% to 1.83, Rak Cmt & Cons (AD: RAKC ) which was up 9.80% to settle at 1.120 and National Takaful Co PJSC (AD: WATA ) which gained 7.14% to close at 0.75.

The worst performers were Methaq (AD: METH ) which was down 3.70% to 0.780 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 3.39% to settle at 0.570 and Agthia Group (AD: AGTH ) which was down 2.06% to 4.75 at the close.

Declining stocks outnumbered rising ones by 14 to 11 and 11 ended unchanged; on the Abu Dhabi, 10 fell and 10 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 1.00% or 0.65 to $65.38 a barrel. Meanwhile, Brent oil for delivery in August rose 1.59% or 1.20 to hit $76.56 a barrel, while the August Gold Futures contract rose 0.12% or 1.50 to trade at $1302.90 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.54% to 4.3477.

The US Dollar Index Futures was down 0.36% at 93.27.

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