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United Arab Emirates shares mixed at close of trade; DFM General down 0.27%

Published 2017/03/01, 13:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.27%
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Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Real Estate & Construction, Insurance and Telecoms sectors propelled shares higher while losses in the Services, Consumer Staples and Banking sectors led shares lower.

At the close in Dubai, the DFM General lost 0.27%, while the ADX General index climbed 0.38%.

The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU:EMAR), which rose 1.74% or 0.130 points to trade at 7.580 at the close. Gulf General Investments Company (DU:GGIC) added 1.43% or 0.007 points to end at 0.497 and Emaar Malls (DU:EMAA) was up 1.15% or 0.030 points to 2.650 in late trade.

Biggest losers included Dubai Financial Market PJSC (DU:DFM), which lost 3.42% or 0.050 points to trade at 1.410 in late trade. Amanat Holdings PJSC (DU:AMANT) declined 2.59% or 0.030 points to end at 1.130 and Emirates NBD PJSC (DU:ENBD) shed 2.18% or 0.180 points to 8.060.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 6.25% to 2.890, First Gulf Bk (AD:FGB) which was up 1.83% to settle at 13.90 and Buhaira Nat In (AD:ABNI) which gained 1.70% to close at 2.390.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD:QIC) which was down 8.70% to 1.0500 in late trade, National Corp Tourism Hotels (AD:NCTH) which lost 3.33% to settle at 2.90 and Green Crs Ins (AD:GCIC) which was down 2.70% to 0.720 at the close.

Declining stocks outnumbered rising ones by 20 to 8 and 7 ended unchanged; on the Abu Dhabi, 17 fell and 6 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.24% or 0.13 to $54.14 a barrel. Meanwhile, Brent oil for delivery in May rose 0.37% or 0.21 to hit $56.72 a barrel, while the April Gold Futures contract fell 0.71% or 8.85 to trade at $1245.05 a troy ounce.

USD/AED was up 0.01% to 3.6729, while EUR/AED fell 0.33% to 3.8711.

The US Dollar Index Futures was up 0.38% at 101.72.

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