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United Arab Emirates shares mixed at close of trade; DFM General down 0.70%

Published 2018/03/12, 13:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.70%
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Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Insurance and Telecoms sectors propelled shares higher while losses in the Real Estate & Construction, Finance & Investment and Transport sectors led shares lower.

At the close in Dubai, the DFM General declined 0.70%, while the ADX General index gained 0.01%.

The biggest gainers of the session on the DFM General were Arabian Scandinavian Insurance Co PLC (DU:ASCI), which rose 14.72% or 0.340 points to trade at 2.650 at the close. Emirates NBD PJSC (DU:ENBD) added 4.50% or 0.450 points to end at 10.450 and Takaful Emarat PSC (DU:TKFE) was up 3.17% or 0.060 points to 1.950 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 3.96% or 0.030 points to trade at 0.727 in late trade. Takaful House (DU:DTKF) declined 3.68% or 0.026 points to end at 0.681 and Emaar Properties PJSC (DU:EMAR) shed 2.81% or 0.170 points to 5.890.

The top performers on the ADX General were Bank Of Sharja (AD:BOS) which rose 6.25% to 1.190, Union Cement (AD:UCC) which was up 5.63% to settle at 1.690 and Al Khazna Ins (AD:AKIC) which gained 4.00% to close at 0.260.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.80% to 2.760 in late trade, Union Insurance Co PSC (AD:UNIN) which lost 9.59% to settle at 1.32 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 8.62% to 0.530 at the close.

Declining stocks outnumbered rising ones by 25 to 9 and 8 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.39% or 0.24 to $61.80 a barrel. Meanwhile, Brent oil for delivery in May fell 0.49% or 0.32 to hit $65.17 a barrel, while the April Gold Futures contract fell 0.51% or 6.80 to trade at $1317.20 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.03% to 4.5209.

The US Dollar Index Futures was down 0.04% at 90.07.

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