United Arab Emirates shares mixed at close of trade; DFM General down 0.10%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.10%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.10%, while the ADX General index climbed 0.19%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 5.05% or 0.050 points to trade at 1.040 at the close. Emirates NBD PJSC (DU: ENBD ) added 3.95% or 0.340 points to end at 8.940 and Deyaar Development PJSC (DU: DEYR ) was up 2.18% or 0.014 points to 0.655 in late trade.

Biggest losers included AJMAN BANK PJSC (DU: AJBNK ), which lost 3.82% or 0.060 points to trade at 1.510 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.55% or 0.014 points to end at 0.536 and Takaful Emarat PSC (DU: TKFE ) shed 2.10% or 0.050 points to 2.330.

The top performers on the ADX General were Rak Properties (AD: RPRO ) which rose 5.33% to 0.790, Rak Cement Co (AD: RKCC ) which was up 3.41% to settle at 0.910 and Al Khazna Ins (AD: AKIC ) which gained 2.27% to close at 0.450.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.92% to 0.9800 in late trade, Ad Islamic Bk (AD: ADIB ) which lost 2.32% to settle at 3.790 and Agthia Group (AD: AGTH ) which was down 1.43% to 6.90 at the close.

Declining stocks outnumbered rising ones by 23 to 13 and 4 ended unchanged; on the Abu Dhabi, 11 rose and 7 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.78% or 0.40 to $51.48 a barrel. Meanwhile, Brent oil for delivery in March rose 0.85% or 0.46 to hit $54.38 a barrel, while the February Gold contract fell 0.80% or 9.65 to trade at $1202.45 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.24% to 3.9134.

The US Dollar Index was down 0.20% at 101.11.

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