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United Arab Emirates shares mixed at close of trade; DFM General down 1.02%

Published 2017/03/02, 13:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 1.02%
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Investing.com – United Arab Emirates equities were mixed at the close on Thursday, as gains in the Transport, Services and Finance & Investment sectors propelled shares higher while losses in the Banking, Consumer Staples and Telecoms sectors led shares lower.

At the close in Dubai, the DFM General lost 1.02%, while the ADX General index added 0.59%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU:NCC), which rose 6.90% or 0.200 points to trade at 3.100 at the close. Air Arabia PJSC (DU:AIRA) added 3.28% or 0.040 points to end at 1.260 and Emirates NBD PJSC (DU:ENBD) was up 2.98% or 0.240 points to 8.300 in late trade.

Biggest losers included Dubai Islamic Bank (DU:DISB), which lost 9.25% or 0.570 points to trade at 5.590 in late trade. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 3.77% or 0.040 points to end at 1.020 and Gulf Navigation Holding PJSC (DU:GNAV) shed 1.96% or 0.030 points to 1.500.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 11.11% to 2.300, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 8.33% to settle at 0.650 and Ad Commercial (AD:ADCB) which gained 4.14% to close at 7.29.

The worst performers were Buhaira Nat In (AD:ABNI) which was down 9.62% to 2.160 in late trade, Al Khazna Ins (AD:AKIC) which lost 4.44% to settle at 0.430 and Rak Ceramics (AD:RKCE) which was down 1.70% to 2.310 at the close.

Advancing stocks outnumbered falling ones by 19 to 14 and 5 ended unchanged; on the Abu Dhabi, 15 rose and 5 declined, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.85% or 0.46 to $53.37 a barrel. Meanwhile, Brent oil for delivery in May fell 0.82% or 0.46 to hit $55.90 a barrel, while the April Gold Futures contract fell 0.51% or 6.35 to trade at $1243.65 a troy ounce.

USD/AED was up 0.01% to 3.6726, while EUR/AED fell 0.15% to 3.8671.

The US Dollar Index Futures was up 0.25% at 101.99.

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