United Arab Emirates shares mixed at close of trade; DFM General up 0.25%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.25%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.25%, while the ADX General index lost 0.75%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 4.90% or 0.070 points to trade at 1.500 at the close. Takaful Emarat PSC (DU: TKFE ) added 3.48% or 0.080 points to end at 2.380 and Dubai Investments PJSC (DU: DINV ) was up 2.34% or 0.050 points to 2.190 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 2.50% or 0.010 points to trade at 0.390 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 2.43% or 0.019 points to end at 0.762 and Takaful House (DU: DTKF ) shed 1.77% or 0.020 points to 1.110.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 7.35% to 0.730, Commercial Bank International (AD: CBI ) which was up 3.31% to settle at 1.250 and Natl Bk Of Rak (AD: RAKB ) which gained 2.48% to close at 4.54.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 9.84% to 2.75 in late trade, Union Natl Bk (AD: UNB ) which lost 4.55% to settle at 4.620 and Gulf Cement Co (AD: GCEM ) which was down 4.12% to 0.9300 at the close.

Declining stocks outnumbered rising ones by 19 to 10 and 7 ended unchanged; on the Abu Dhabi, 18 fell and 6 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.47% or 0.21 to $44.52 a barrel. Meanwhile, Brent oil for delivery in August fell 0.30% or 0.14 to hit $46.86 a barrel, while the August Gold Futures contract fell 1.43% or 18.21 to trade at $1257.69 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.49% to 4.1002.

The US Dollar Index Futures was up 0.36% at 97.26.

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