United Arab Emirates shares mixed at close of trade; DFM General up 0.08%

  • Investing.com
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United Arab Emirates shares mixed at close of trade; DFM General up 0.08%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.08%, while the ADX General index declined 0.14%.

The biggest gainers of the session on the DFM General were Amlak Finance PJSC (DU: AMLK ), which rose 5.98% or 0.070 points to trade at 1.240 at the close. Arabtec Holding PJSC (DU: ARTC ) added 3.88% or 0.050 points to end at 1.340 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 2.63% or 0.030 points to 1.170 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 1.25% or 0.020 points to trade at 1.580 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 0.91% or 0.020 points to end at 2.170 and Dubai Financial Market PJSC (DU: DFM ) shed 0.87% or 0.010 points to 1.140.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 0.92% to 2.200, First Gulf Bk (AD: FGB ) which was up 0.89% to settle at 11.30 and Ad Islamic Bk (AD: ADIB ) which gained 0.58% to close at 3.480.

The worst performers were Insurance Hous (AD: IH ) which was down 7.41% to 0.750 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 6.60% to settle at 0.9900 and National Marine Dredging PSC (AD: NMDC ) which was down 6.00% to 4.700 at the close.

Advancing stocks outnumbered falling ones by 14 to 13 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 5 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 2.11% or 1.05 to $48.67 a barrel. Meanwhile, Brent oil for delivery in January unchanged 0.00% or 0.00 to hit $50.68 a barrel, while the December Gold contract rose 0.47% or 6.00 to trade at $1275.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.79% to 4.0347.

The US Dollar Index was down 0.62% at 98.31.

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