United Arab Emirates shares mixed at close of trade; DFM General up 0.43%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.43%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.43%, while the ADX General index lost 0.06%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 2.04% or 0.040 points to trade at 2.000 at the close. Dubai Financial Market PJSC (DU: DFM ) added 1.82% or 0.020 points to end at 1.120 and Emirates NBD PJSC (DU: ENBD ) was up 1.23% or 0.100 points to 8.250 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.50% or 0.070 points to trade at 1.930 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 3.00% or 0.015 points to end at 0.485 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 2.59% or 0.017 points to 0.640.

The top performers on the ADX General were Ad Aviation (AD: ADAV ) which rose 3.58% to 2.890, Union Natl Bk (AD: UNB ) which was up 2.24% to settle at 4.100 and Sharjah Islami (AD: SIB ) which gained 0.73% to close at 1.380.

The worst performers were Al Khazna Ins (AD: AKIC ) which was down 6.67% to 0.280 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 3.23% to settle at 0.6000 and Rak Properties (AD: RPRO ) which was down 1.43% to 0.690 at the close.

Declining stocks outnumbered rising ones by 19 to 13 and 7 ended unchanged; on the Abu Dhabi, 8 fell and 7 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.51% or 0.29 to $56.88 a barrel. Meanwhile, Brent oil for delivery in January fell 0.41% or 0.26 to hit $63.67 a barrel, while the December Gold Futures contract fell 0.96% or 12.37 to trade at $1275.13 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.22% to 4.2846.

The US Dollar Index Futures was down 0.13% at 94.30.

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