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United Arab Emirates shares mixed at close of trade; DFM General up 0.67%

Published 04/09/2016, 12:15
Updated 04/09/2016, 14:50
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.67%
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Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Services, Consumer Staples and Real Estate & Construction sectors propelled shares higher while losses in the Transport, Telecoms and Banking sectors led shares lower.

At the close in Dubai, the DFM General gained 0.67%, while the ADX General index fell 0.19%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 8.93% or 5.90 points to trade at 72.00 at the close. Amanat Holdings PJSC (DU:AMANT) added 3.30% or 0.029 points to end at 0.908 and SHUAA Capital PSC (DU:SHUA) was up 3.12% or 0.021 points to 0.695 in late trade.

Biggest losers included Emirates NBD PJSC (DU:ENBD), which lost 2.39% or 0.200 points to trade at 8.160 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 1.54% or 0.009 points to end at 0.576 and Drake & Scull International PJSC (DU:DSI) shed 0.79% or 0.004 points to 0.501.

The top performers on the ADX General were Nat Bk Qaiwain (AD:NBQ) which rose 13.43% to 3.80, National Marine Dredging PSC (AD:NMDC) which was up 7.40% to settle at 4.790 and Natl Bk Of Rak (AD:RAKB) which gained 3.81% to close at 5.45.

The worst performers were Int Fish Farmi (AD:ASMK) which was down 6.58% to 1.42 in late trade, Rak Ceramics (AD:RKCE) which lost 4.22% to settle at 2.950 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 4.08% to 0.470 at the close.

Advancing stocks outnumbered falling ones by 20 to 11 and 5 ended unchanged; on the Abu Dhabi, 15 fell and 9 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 2.46% or 1.06 to $44.22 a barrel. Meanwhile, Brent oil for delivery in November rose 2.60% or 1.18 to hit $46.63 a barrel, while the December Gold contract rose 0.85% or 11.15 to trade at $1328.25 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.35% to 4.0985.

The US Dollar Index was up 0.22% at 95.87.

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