United Arab Emirates shares mixed at close of trade; DFM General down 0.38%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.38%

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

At the close in Dubai, the DFM General fell 0.38% to hit a new 3-month low, while the ADX General index gained 0.30%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 2.80% or 0.024 points to trade at 0.882 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.21% or 0.010 points to end at 0.462 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 0.97% or 0.010 points to 1.040 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 3.36% or 0.040 points to trade at 1.150 in late trade. Emaar Properties PJSC (DU: EMAR ) declined 1.09% or 0.080 points to end at 7.250 and ARAMEX PJSC (DU: ARMX ) shed 0.99% or 0.050 points to 5.000.

The top performers on the ADX General were Ad Natl Ins Co (AD: ADNI ) which rose 15.00% to 3.220, Nat Bk Qaiwain (AD: NBQ ) which was up 6.90% to settle at 3.10 and Al Khazna Ins (AD: AKIC ) which gained 4.88% to close at 0.430.

The worst performers were Insurance Hous (AD: IH ) which was down 9.64% to 0.750 in late trade, United Arab Bk (AD: UAB ) which lost 9.42% to settle at 1.730 and Union Cement (AD: UCC ) which was down 6.92% to 1.210 at the close.

Declining stocks outnumbered rising ones by 16 to 11 and 6 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.73% or 0.35 to $48.39 a barrel. Meanwhile, Brent oil for delivery in May rose 0.73% or 0.37 to hit $51.01 a barrel, while the April Gold Futures contract fell 0.12% or 1.55 to trade at $1248.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6728, while EUR/AED fell 0.08% to 3.9626.

The US Dollar Index Futures was up 0.04% at 99.52.

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