United Arab Emirates shares mixed at close of trade; DFM General down 0.52%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.52%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.52% to hit a new 52-week low, while the ADX General index added 0.42%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 3.64% or 0.012 points to trade at 0.342 at the close. Deyaar Development PJSC (DU: DEYR ) added 2.24% or 0.009 points to end at 0.410 and Arabtec Holding PJSC (DU: ARTC ) was up 2.12% or 0.040 points to 1.930 in late trade.

Biggest losers included Dubai National Insurance (DU: DNIN ), which lost 8.57% or 0.300 points to trade at 3.200 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 5.52% or 0.038 points to end at 0.651 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 1.88% or 0.040 points to 2.090.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 14.13% to 2.100, Ad Natl Energy (AD: TAQA ) which was up 6.19% to settle at 1.200 and Dana Gas (AD: DANA ) which gained 1.80% to close at 1.130.

The worst performers were Finance House (AD: FH ) which was down 9.47% to 1.530 in late trade, Commercial Bank International (AD: CBI ) which lost 4.11% to settle at 0.700 and Ad Aviation (AD: ADAV ) which was down 3.01% to 2.900 at the close.

Declining stocks outnumbered rising ones by 18 to 15 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.02% or 0.01 to $65.00 a barrel. Meanwhile, Brent oil for delivery in October rose 0.16% or 0.11 to hit $70.87 a barrel, while the December Gold Futures contract rose 0.11% or 1.30 to trade at $1186.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.20% to 4.1773.

The US Dollar Index Futures was down 0.10% at 96.49.

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