United Arab Emirates shares mixed at close of trade; DFM General up 0.86%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.86%

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 Finance & Investment , Services and Telecoms sectors led shares lower.

At the close in Dubai, the DFM General rose 0.86%, while the ADX General index fell 0.01%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 7.95% or 0.140 points to trade at 1.900 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 4.03% or 0.024 points to end at 0.620 and Gulf General Investments Company (DU: GGIC ) was up 3.82% or 0.010 points to 0.272 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 1.58% or 0.030 points to trade at 1.870 in late trade. Takaful House (DU: DTKF ) declined 1.42% or 0.009 points to end at 0.623 and Dubai Financial Market PJSC (DU: DFM ) shed 0.33% or 0.003 points to 0.917.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 5.56% to 2.85, Dana Gas (AD: DANA ) which was up 1.77% to settle at 1.150 and Bank Of Sharja (AD: BOS ) which gained 0.93% to close at 1.080.

The worst performers were Rak Ceramics (AD: RKCE ) which was down 5.86% to 2.250 in late trade, Ad Commercial (AD: ADCB ) which lost 2.92% to settle at 7.66 and Sharjah Islami (AD: SIB ) which was down 1.67% to 1.180 at the close.

Advancing stocks outnumbered falling ones by 26 to 8 and 3 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.52% or 0.37 to $71.14 a barrel. Meanwhile, Brent oil for delivery in November rose 0.28% or 0.22 to hit $79.62 a barrel, while the December Gold Futures contract fell 0.07% or 0.90 to trade at $1207.40 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.38% to 4.3043.

The US Dollar Index Futures was down 0.31% at 93.83.

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