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United Arab Emirates shares mixed at close of trade; DFM General down 0.01%

Published 08/08/2016, 12:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.01%
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Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Finance & Investment, Real Estate & Construction and Services sectors propelled shares higher while losses in the Transport, Telecoms and Banking sectors led shares lower.

At the close in Dubai, the DFM General fell 0.01%, while the ADX General index climbed 0.06%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 3.51% or 0.020 points to trade at 0.590 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 2.22% or 0.014 points to end at 0.646 and Emaar Properties PJSC (DU:EMAR) was up 1.32% or 0.090 points to 6.900 in late trade.

Biggest losers included Marka Pjse (DU:MARKA), which lost 7.44% or 0.09 points to trade at 1.12 in late trade. Air Arabia PJSC (DU:AIRA) declined 1.36% or 0.020 points to end at 1.450 and Arabtec Holding PJSC (DU:ARTC) shed 1.30% or 0.020 points to 1.520.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 7.27% to 2.360, Buhaira Nat In (AD:ABNI) which was up 2.16% to settle at 2.370 and Bank Of Sharja (AD:BOS) which gained 1.56% to close at 1.300.

The worst performers were National Corp Tourism Hotels (AD:NCTH) which was down 9.88% to 3.65 in late trade, Agthia Group (AD:AGTH) which lost 1.90% to settle at 6.70 and Dana Gas (AD:DANA) which was down 1.75% to 0.560 at the close.

Declining stocks outnumbered rising ones by 14 to 11 and 10 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.29% or 0.54 to $42.34 a barrel. Meanwhile, Brent oil for delivery in October rose 1.20% or 0.53 to hit $44.80 a barrel, while the December Gold contract fell 0.49% or 6.65 to trade at $1337.75 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.09% to 4.0710.

The US Dollar Index was up 0.11% at 96.30.

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