United Arab Emirates shares mixed at close of trade; DFM General down 0.20%

  • Investing.com
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United Arab Emirates shares mixed at close of trade; DFM General down 0.20%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.20%, while the ADX General index gained 0.32%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 2.91% or 0.030 points to trade at 1.060 at the close. Air Arabia PJSC (DU: AIRA ) added 1.89% or 0.020 points to end at 1.080 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 1.16% or 0.011 points to 0.963 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 3.22% or 0.023 points to trade at 0.692 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 2.80% or 0.021 points to end at 0.728 and Takaful House (DU: DTKF ) shed 2.43% or 0.019 points to 0.764.

The top performers on the ADX General were First Abu Dhabi Bank PJSC (AD: FAB ) which rose 1.54% to 13.15, National Bank of Fujairah PJSC (AD: NBF ) which was up 1.06% to settle at 2.85 and Rak Ceramics (AD: RKCE ) which gained 0.85% to close at 2.360.

The worst performers were Invest Bank AD (AD: INVB ) which was down 9.68% to 2.240 in late trade, Rak Cement Co (AD: RKCC ) which lost 7.79% to settle at 0.710 and Methaq (AD: METH ) which was down 2.50% to 0.780 at the close.

Declining stocks outnumbered rising ones by 20 to 13 and 4 ended unchanged; on the Abu Dhabi, 9 fell and 5 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 1.27% or 0.86 to $66.89 a barrel. Meanwhile, Brent oil for delivery in September fell 1.06% or 0.77 to hit $72.13 a barrel, while the August Gold Futures contract fell 0.98% or 12.00 to trade at $1215.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.43% to 4.2585.

The US Dollar Index Futures was up 0.51% at 95.32.

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