United Arab Emirates shares mixed at close of trade; DFM General down 1.78%

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United Arab Emirates shares mixed at close of trade; DFM General down 1.78%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 1.78% to hit a new 52-week low, while the ADX General index climbed 0.24%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 1.55% or 0.020 points to trade at 1.310 at the close. Gulf General Investments Company (DU: GGIC ) added 1.18% or 0.004 points to end at 0.343 and AJMAN BANK PJSC (DU: AJBNK ) was up 0.93% or 0.010 points to 1.090 in late trade.

Biggest losers included Emirates Refreshments Company (DU: ERC ), which lost 9.86% or 0.360 points to trade at 3.290 in late trade. Air Arabia PJSC (DU: AIRA ) declined 9.30% or 0.120 points to end at 1.170 and Mashreqbank PSC (DU: MASB ) shed 9.09% or 7.00 points to 70.00.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 12.00% to 0.840, National Marine Dredging PSC (AD: NMDC ) which was up 9.37% to settle at 3.500 and Ad Natl Energy (AD: TAQA ) which gained 6.94% to close at 0.770.

The worst performers were Foodco Holding PJSC (AD: FOOD ) which was down 10.00% to 4.77 in late trade, United Arab Bk (AD: UAB ) which lost 10.00% to settle at 1.440 and Ad Commercial (AD: ADCB ) which was down 6.22% to 6.63 at the close.

Declining stocks outnumbered rising ones by 32 to 6 and 3 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.14% or 0.09 to $65.08 a barrel. Meanwhile, Brent oil for delivery in May fell 0.23% or 0.16 to hit $69.31 a barrel, while the April Gold Futures contract rose 0.66% or 8.70 to trade at $1330.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.23% to 4.5235.

The US Dollar Index Futures was unchanged 0.00% at 89.28.

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