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United Arab Emirates shares mixed at close of trade; DFM General down 0.21%

Published 2018/04/03, 13:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.21%
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Services, Banking and Insurance sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General declined 0.21%, while the ADX General index gained 0.08%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 4.29% or 3.00 points to trade at 73.00 at the close. Air Arabia PJSC (DU:AIRA) added 2.61% or 0.030 points to end at 1.180 and SHUAA Capital PSC (DU:SHUA) was up 1.96% or 0.020 points to 1.040 in late trade.

Biggest losers included ARAMEX PJSC (DU:ARMX), which lost 2.52% or 0.110 points to trade at 4.260 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 2.36% or 0.017 points to end at 0.702 and Dubai Financial Market PJSC (DU:DFM) shed 1.90% or 0.020 points to 1.030.

The top performers on the ADX General were National Corp Tourism Hotels (AD:NCTH) which rose 7.50% to 2.15, Bank Of Sharja (AD:BOS) which was up 5.45% to settle at 1.160 and Invest Bank AD (AD:INVB) which gained 2.13% to close at 2.400.

The worst performers were Rak Cement Co (AD:RKCC) which was down 8.64% to 0.740 in late trade, Waha Capital (AD:WAHA) which lost 7.83% to settle at 2.000 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 1.52% to 0.6500 at the close.

Declining stocks outnumbered rising ones by 21 to 13 and 7 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.21% or 0.13 to $63.14 a barrel. Meanwhile, Brent oil for delivery in June rose 0.18% or 0.12 to hit $67.76 a barrel, while the June Gold Futures contract fell 0.44% or 5.90 to trade at $1341.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.28% to 4.5134.

The US Dollar Index Futures was up 0.08% at 89.76.

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