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

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United Arab Emirates shares mixed at close of trade; DFM General up 0.38%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.38%, while the ADX General index lost 0.55%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 4.36% or 0.120 points to trade at 2.870 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 3.27% or 0.100 points to end at 3.160 and Emirates NBD PJSC (DU: ENBD ) was up 2.26% or 0.180 points to 8.140 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 3.56% or 0.031 points to trade at 0.840 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 2.70% or 0.030 points to end at 1.080 and Dubai Financial Market PJSC (DU: DFM ) shed 2.63% or 0.030 points to 1.110.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 6.47% to 2.470, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 1.89% to settle at 0.540 and Rak Properties (AD: RPRO ) which gained 1.59% to close at 0.640.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 8.51% to 0.8600 in late trade, Sharjah Islami (AD: SIB ) which lost 4.44% to settle at 1.290 and Int Fish Farmi (AD: ASMK ) which was down 4.08% to 1.41 at the close.

Declining stocks outnumbered rising ones by 16 to 16 and 3 ended unchanged; on the Abu Dhabi, 15 fell and 9 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.03% or 0.46 to $45.20 a barrel. Meanwhile, Brent oil for delivery in September rose 0.95% or 0.45 to hit $47.99 a barrel, while the August Gold Futures contract fell 0.26% or 3.19 to trade at $1245.91 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.1888.

The US Dollar Index Futures was down 0.17% at 95.62.

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