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United Arab Emirates shares mixed at close of trade; DFM General up 0.18%

Published 2018/02/19, 13:15
Updated 2018/02/19, 13:50
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.18%
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Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Real Estate & Construction and Insurance sectors propelled shares higher while losses in the Telecoms, Finance & Investment and Transport sectors led shares lower.

At the close in Dubai, the DFM General rose 0.18%, while the ADX General index fell 0.07%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU:NCC), which rose 14.91% or 0.410 points to trade at 3.160 at the close. Mashreqbank PSC (DU:MASB) added 6.67% or 5.00 points to end at 80.00 and Marka Pjse (DU:MARKA) was up 5.48% or 0.03 points to 0.54 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 2.35% or 0.019 points to trade at 0.791 in late trade. Emaar Development PJSC (DU:EMAARDEV) declined 2.01% or 0.110 points to end at 5.370 and ARAMEX PJSC (DU:ARMX) shed 1.26% or 0.060 points to 4.690.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD:NBF) which rose 10.00% to 3.30, Ad Shipbldg Co (AD:ADSB) which was up 7.66% to settle at 2.250 and Eshraq Properties Co PJSC (AD:ESHR) which gained 2.86% to close at 0.7200.

The worst performers were Sharjah Islami (AD:SIB) which was down 8.27% to 1.220 in late trade, Waha Capital (AD:WAHA) which lost 4.09% to settle at 2.110 and Al Khazna Ins (AD:AKIC) which was down 3.45% to 0.280 at the close.

Advancing stocks outnumbered falling ones by 19 to 16 and 8 ended unchanged; on the Abu Dhabi, 10 rose and 8 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.93% or 0.57 to $62.12 a barrel. Meanwhile, Brent oil for delivery in April rose 0.66% or 0.43 to hit $65.27 a barrel, while the April Gold Futures contract fell 0.39% or 5.30 to trade at $1350.90 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.10% to 4.5610.

The US Dollar Index Futures was down 0.03% at 89.00.

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