United Arab Emirates shares mixed at close of trade; DFM General down 0.06%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.06%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.06%, while the ADX General index climbed 0.98%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 2.19% or 0.030 points to trade at 1.400 at the close. Takaful House (DU: DTKF ) added 1.77% or 0.020 points to end at 1.150 and SHUAA Capital PSC (DU: SHUA ) was up 1.53% or 0.020 points to 1.330 in late trade.

Biggest losers included AJMAN BANK PJSC (DU: AJBNK ), which lost 2.48% or 0.030 points to trade at 1.180 in late trade. Emaar Malls (DU: EMAA ) declined 1.98% or 0.050 points to end at 2.470 and Dubai Investments PJSC (DU: DINV ) shed 1.63% or 0.040 points to 2.410.

The top performers on the ADX General were Bank Of Sharja (AD: BOS ) which rose 4.31% to 1.210, Gulf Cement Co (AD: GCEM ) which was up 4.30% to settle at 0.9700 and Waha Capital (AD: WAHA ) which gained 2.82% to close at 1.820.

The worst performers were Al Khazna Ins (AD: AKIC ) which was down 7.89% to 0.350 in late trade, Dana Gas (AD: DANA ) which lost 3.08% to settle at 0.630 and Methaq (AD: METH ) which was down 2.30% to 0.850 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 4 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.70% or 0.34 to $48.41 a barrel. Meanwhile, Brent oil for delivery in September fell 0.59% or 0.30 to hit $50.67 a barrel, while the August Gold Futures contract rose 1.11% or 13.88 to trade at $1263.28 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.23% to 4.3003.

The US Dollar Index Futures was up 0.18% at 93.46.

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