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United Arab Emirates shares mixed at close of trade; DFM General down 0.03%

Published 16/05/2017, 12:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.03%
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Consumer Staples, Telecoms and Insurance sectors propelled shares higher while losses in the Services, Transport and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General lost 0.03% to hit a new 3-month low, while the ADX General index gained 0.39%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 4.96% or 0.070 points to trade at 1.480 at the close. Gulf General Investments Company (DU:GGIC) added 4.17% or 0.016 points to end at 0.400 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 3.52% or 0.029 points to 0.854 in late trade.

Biggest losers included Marka Pjse (DU:MARKA), which lost 9.97% or 0.08 points to trade at 0.71 in late trade. Arabtec Holding PJSC (DU:ARTC) declined 5.51% or 0.042 points to end at 0.720 and Dubai Islamic Insurance Co. (DU:AMAN) shed 5.21% or 0.039 points to 0.710.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 8.97% to 0.850, National Corp Tourism Hotels (AD:NCTH) which was up 6.12% to settle at 2.60 and Ad Shipbldg Co (AD:ADSB) which gained 3.13% to close at 2.640.

The worst performers were Bank Of Sharja (AD:BOS) which was down 9.03% to 1.310 in late trade, Gulf Cement Co (AD:GCEM) which lost 4.95% to settle at 0.9600 and Gulf Pharm Ind (AD:GPHI) which was down 4.18% to 2.290 at the close.

Declining stocks outnumbered rising ones by 20 to 14 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 7 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.55% or 0.27 to $49.12 a barrel. Meanwhile, Brent oil for delivery in July rose 0.50% or 0.26 to hit $52.08 a barrel, while the June Gold Futures contract rose 0.31% or 3.79 to trade at $1233.79 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.78% to 4.0635.

The US Dollar Index Futures was down 0.49% at 98.33.

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