United Arab Emirates shares mixed at close of trade; DFM General up 1.28%

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United Arab Emirates shares mixed at close of trade; DFM General up 1.28%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 1.28%, while the ADX General index fell 0.12%.

The biggest gainers of the session on the DFM General were Dubai Parks and Resorts PJSC (DU: DUBA ), which rose 6.72% or 0.090 points to trade at 1.430 at the close. Emirates NBD PJSC (DU: ENBD ) added 3.53% or 0.290 points to end at 8.500 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 1.78% or 0.100 points to 5.720 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 2.46% or 0.015 points to trade at 0.595 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 2.07% or 0.030 points to end at 1.420 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 1.76% or 0.010 points to 0.558.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 2.19% to 2.80, Dana Gas (AD: DANA ) which was up 1.89% to settle at 0.540 and Rak Cement Co (AD: RKCC ) which gained 1.27% to close at 0.800.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 3.75% to 2.31 in late trade, Natl Bk Of Ad (AD: NBAD ) which lost 2.79% to settle at 8.01 and Methaq (AD: METH ) which was down 2.38% to 0.820 at the close.

Declining stocks outnumbered rising ones by 15 to 14 and 6 ended unchanged; on the Abu Dhabi, 11 rose and 10 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.59% or 0.29 to $49.85 a barrel. Meanwhile, Brent oil for delivery in July rose 0.74% or 0.37 to hit $50.11 a barrel, while the June Gold contract rose 0.44% or 5.40 to trade at $1229.20 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.25% to 4.1073.

The US Dollar Index was down 0.19% at 95.22.

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