United Arab Emirates shares mixed at close of trade; DFM General down 0.77%
Investing.com – United Arab Emirates equities were mixed at the close on Thursday, as gains in the Consumer Staples , Insurance and Telecoms sectors propelled shares higher while losses in the Services , Real Estate & Construction and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General declined 0.77% to hit a new 52-week low, while the ADX General index climbed 0.17%.
The biggest gainers of the session on the DFM General were Marka Pjse (DU: MARKA ), which rose 1.75% or 0.01 points to trade at 0.58 at the close. Drake & Scull International PJSC (DU: DSI ) added 1.68% or 0.030 points to end at 1.820 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 1.63% or 0.009 points to 0.560 in late trade.
Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.08% or 0.060 points to trade at 1.890 in late trade. Emaar Properties PJSC (DU: EMAR ) declined 2.28% or 0.140 points to end at 6.000 and Amanat Holdings PJSC (DU: AMANT ) shed 2.05% or 0.030 points to 1.430.
The top performers on the ADX General were Union Cement (AD: UCC ) which rose 13.97% to 1.550, Ad Shipbldg Co (AD: ADSB ) which was up 12.82% to settle at 2.200 and Rak Cmt & Cons (AD: RAKC ) which gained 3.00% to close at 1.030.
The worst performers were Rak Ceramics (AD: RKCE ) which was down 9.79% to 2.580 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 9.73% to settle at 3.060 and Union Insurance Co PSC (AD: UNIN ) which was down 9.50% to 1.62 at the close.
Declining stocks outnumbered rising ones by 23 to 15 and 4 ended unchanged; on the Abu Dhabi, 13 fell and 8 advanced, while 14 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for April delivery was down 0.05% or 0.03 to $61.12 a barrel. Meanwhile, Brent oil for delivery in May fell 0.23% or 0.15 to hit $64.19 a barrel, while the April Gold Futures contract fell 0.10% or 1.30 to trade at $1326.30 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.31% to 4.5454.
The US Dollar Index Futures was up 0.25% at 89.78.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or