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United Arab Emirates shares mixed at close of trade; DFM General up 0.63%

Published 20/10/2016, 12:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.63%
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Investing.com – United Arab Emirates equities were mixed at the close on Thursday, as gains in the Consumer Staples, Finance & Investment and Real Estate & Construction sectors propelled shares higher while losses in the Telecoms, Banking and Services sectors led shares lower.

At the close in Dubai, the DFM General gained 0.63%, while the ADX General index lost 0.34%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 8.32% or 0.074 points to trade at 0.963 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) added 4.49% or 0.070 points to end at 1.630 and Emaar Properties PJSC (DU:EMAR) was up 2.15% or 0.140 points to 6.650 in late trade.

Biggest losers included AJMAN BANK PJSC (DU:AJBNK), which lost 2.68% or 0.040 points to trade at 1.450 in late trade. Takaful Emarat PSC (DU:TKFE) declined 2.49% or 0.070 points to end at 2.740 and Emirates NBD PJSC (DU:ENBD) shed 1.25% or 0.100 points to 7.900.

The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 9.62% to 1.71, Abu Dhabi National Hotels Co (AD:ADNH) which was up 8.20% to settle at 3.30 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which gained 5.45% to close at 0.580.

The worst performers were Green Crs Ins (AD:GCIC) which was down 9.20% to 0.790 in late trade, Natl Bk Of Rak (AD:RAKB) which lost 2.91% to settle at 5.00 and Natl Bk Of Ad (AD:NBAD) which was down 1.88% to 8.34 at the close.

Advancing stocks outnumbered falling ones by 20 to 12 and 4 ended unchanged; on the Abu Dhabi, 13 fell and 9 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 1.02% or 0.53 to $51.29 a barrel. Meanwhile, Brent oil for delivery in December fell 1.03% or 0.54 to hit $52.13 a barrel, while the December Gold contract rose 0.14% or 1.75 to trade at $1271.65 a troy ounce.

USD/AED was down 0.01% to 3.6727, while EUR/AED rose 0.03% to 4.0315.

The US Dollar Index was up 0.07% at 97.94.

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