United Arab Emirates shares mixed at close of trade; DFM General down 1.09%

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  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 1.09%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.09% to hit a new 52-week low, while the ADX General index gained 0.82%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU: DEYR ), which rose 2.53% or 0.012 points to trade at 0.487 at the close. Amanat Holdings PJSC (DU: AMANT ) added 2.29% or 0.030 points to end at 1.340 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.89% or 0.013 points to 0.700 in late trade.

Biggest losers included Emirates Refreshments Company (DU: ERC ), which lost 9.73% or 0.320 points to trade at 2.970 in late trade. ARAMEX PJSC (DU: ARMX ) declined 3.70% or 0.160 points to end at 4.170 and AJMAN BANK PJSC (DU: AJBNK ) shed 3.67% or 0.040 points to 1.050.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 8.33% to 0.910, Eshraq Properties Co PJSC (AD: ESHR ) which was up 4.23% to settle at 0.7400 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 2.19% to close at 11.65.

The worst performers were National Takaful Co PJSC (AD: WATA ) which was down 7.69% to 0.48 in late trade, National Bank of Fujairah PJSC (AD: NBF ) which lost 5.00% to settle at 2.85 and National Corp Tourism Hotels (AD: NCTH ) which was down 3.85% to 2.00 at the close.

Declining stocks outnumbered rising ones by 21 to 7 and 11 ended unchanged; on the Abu Dhabi, 14 fell and 5 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 2.35% or 1.51 to $65.81 a barrel. Meanwhile, Brent oil for delivery in June unchanged 0.00% or 0.00 to hit $69.81 a barrel, while the April Gold Futures contract rose 1.49% or 19.80 to trade at $1347.20 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.39% to 4.5374.

The US Dollar Index Futures was down 0.41% at 89.10.

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