United Arab Emirates shares mixed at close of trade; DFM General up 0.33%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General up 0.33%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.33%, while the ADX General index fell 0.25%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 4.17% or 0.025 points to trade at 0.625 at the close. Takaful House (DU: DTKF ) added 3.39% or 0.021 points to end at 0.640 and Arabtec Holding PJSC (DU: ARTC ) was up 2.59% or 0.050 points to 1.980 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 2.18% or 0.090 points to trade at 4.040 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 1.96% or 0.007 points to end at 0.350 and Amlak Finance PJSC (DU: AMLK ) shed 1.14% or 0.007 points to 0.609.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD: NBF ) which rose 14.86% to 3.40, Sharjah Islami (AD: SIB ) which was up 5.13% to settle at 1.230 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 3.88% to close at 0.5620.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 6.03% to 0.686 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 3.23% to settle at 3.00 and Methaq (AD: METH ) which was down 2.38% to 0.780 at the close.

Advancing stocks outnumbered falling ones by 18 to 13 and 7 ended unchanged; on the Abu Dhabi, 11 rose and 10 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.96% or 1.41 to $73.53 a barrel. Meanwhile, Brent oil for delivery in December rose 1.84% or 1.50 to hit $82.88 a barrel, while the December Gold Futures contract rose 0.74% or 8.80 to trade at $1196.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.26% to 4.2649.

The US Dollar Index Futures was up 0.20% at 94.80.

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