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United Arab Emirates shares mixed at close of trade; DFM General down 0.09%

Published 10/01/2016, 11:15
Updated 10/01/2016, 13:30
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.09%

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

At the close in Dubai, the DFM General declined 0.09%, while the ADX General index gained 0.16%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 2.56% or 0.03 points to trade at 1.20 at the close. Gulf General Investments Company (DU:GGIC) added 1.57% or 0.010 points to end at 0.648 and Emirates NBD PJSC (DU:ENBD) was up 1.43% or 0.100 points to 7.100 in late trade.

Biggest losers included National Central Cooling Co. (DU:TABR), which lost 2.75% or 0.030 points to trade at 1.060 in late trade. Emaar Malls Group (DU:EMAA) declined 2.65% or 0.07 points to end at 2.57 and Takaful Emarat PSC (DU:TKFE) shed 2.03% or 0.030 points to 1.450.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 8.43% to 0.900, Rak Properties (AD:RPRO) which was up 3.85% to settle at 0.540 and First Gulf Bk (AD:FGB) which gained 2.13% to close at 12.00.

The worst performers were Agthia Group (AD:AGTH) which was down 3.92% to 7.35 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 3.92% to settle at 0.4900 and Rak Ceramics (AD:RKCE) which was down 2.94% to 3.30 at the close.

Advancing stocks outnumbered falling ones by 14 to 12 and 1 ended unchanged; on the Abu Dhabi, 10 fell and 6 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 1.16% or 0.39 to $32.88 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $33.55 a barrel, while the February Gold contract fell 0.35% or 3.90 to trade at $1103.90 a troy ounce.

USD/AED was down 0.01% to 3.6726, while EUR/AED fell 0.05% to 4.0137.

The US Dollar Index was up 0.16% at 98.45.

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