United Arab Emirates shares mixed at close of trade; DFM General up 0.19%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General up 0.19%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.19%, while the ADX General index fell 0.33%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 3.39% or 0.060 points to trade at 1.830 at the close. Takaful House (DU: DTKF ) added 3.06% or 0.020 points to end at 0.674 and Dubai Islamic Bank (DU: DISB ) was up 1.42% or 0.070 points to 5.010 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 4.94% or 0.019 points to trade at 0.366 in late trade. Air Arabia PJSC (DU: AIRA ) declined 3.85% or 0.040 points to end at 1.000 and Arabtec Holding PJSC (DU: ARTC ) shed 3.27% or 0.070 points to 2.070.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 9.56% to 2.75, Rak Cement Co (AD: RKCC ) which was up 8.70% to settle at 0.750 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 1.67% to close at 0.6100.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 9.83% to 2.66 in late trade, Foodco Holding PJSC (AD: FOOD ) which lost 5.41% to settle at 3.50 and Methaq (AD: METH ) which was down 4.88% to 0.780 at the close.

Declining stocks outnumbered rising ones by 18 to 17 and 5 ended unchanged; on the Abu Dhabi, 15 fell and 6 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.46% or 0.96 to $64.75 a barrel. Meanwhile, Brent oil for delivery in August fell 1.54% or 1.15 to hit $73.59 a barrel, while the August Gold Futures contract fell 0.77% or 9.80 to trade at $1264.70 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.32% to 4.2385.

The US Dollar Index Futures was up 0.26% at 95.03.

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