United Arab Emirates shares mixed at close of trade; DFM General up 0.29%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.29%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.29%, while the ADX General index lost 0.19%.

The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU: SALAMA ), which rose 10.18% or 0.050 points to trade at 0.541 at the close. Deyaar Development PJSC (DU: DEYR ) added 5.88% or 0.023 points to end at 0.414 and Union Properties PJSC (DU: UPRO ) was up 4.98% or 0.034 points to 0.717 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU: CBD ), which lost 2.01% or 0.080 points to trade at 3.900 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 1.69% or 0.030 points to end at 1.750 and Emaar Malls (DU: EMAA ) shed 1.51% or 0.030 points to 1.960.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 5.57% to 0.739, International Holding Company PJSC (AD: IHC ) which was up 5.08% to settle at 1.24 and Agthia Group (AD: AGTH ) which gained 2.13% to close at 4.80.

The worst performers were Union Natl Bk (AD: UNB ) which was down 4.04% to 4.750 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 2.60% to settle at 0.450 and Ad Natl Energy (AD: TAQA ) which was down 2.59% to 1.130 at the close.

Advancing stocks outnumbered falling ones by 24 to 11 and 6 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.16% or 0.11 to $68.83 a barrel. Meanwhile, Brent oil for delivery in November rose 0.34% or 0.26 to hit $77.53 a barrel, while the December Gold Futures contract rose 0.80% or 9.60 to trade at $1210.90 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.01% to 4.2730.

The US Dollar Index Futures was up 0.02% at 95.09.

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