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United Arab Emirates shares mixed at close of trade; DFM General up 0.95%

Published 11/10/2016, 12:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.95%
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Consumer Staples, Services and Transport sectors propelled shares higher while losses in the Banking, Telecoms and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General added 0.95%, while the ADX General index lost 0.31%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 10.48% or 0.11 points to trade at 1.16 at the close. Drake & Scull International PJSC (DU:DSI) added 4.22% or 0.020 points to end at 0.494 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 4.05% or 0.060 points to 1.540 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU:CBD), which lost 8.93% or 0.490 points to trade at 5.000 in late trade. Mashreqbank PSC (DU:MASB) unchanged 0.00% or 0.00 points to end at 68.90 and Dubai National Insurance (DU:DNIN) 0.00% or 0.000 points to 2.500.

The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 15.00% to 0.460, Int Fish Farmi (AD:ASMK) which was up 10.49% to settle at 1.79 and Eshraq Properties Co PJSC (AD:ESHR) which gained 2.56% to close at 0.8000.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 8.30% to 2.210 in late trade, First Gulf Bk (AD:FGB) which lost 1.74% to settle at 11.30 and Natl Bk Of Ad (AD:NBAD) which was down 0.68% to 8.75 at the close.

Advancing stocks outnumbered falling ones by 33 to 2 and 3 ended unchanged; on the Abu Dhabi, 13 rose and 5 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.76% or 0.39 to $50.96 a barrel. Meanwhile, Brent oil for delivery in December fell 0.70% or 0.37 to hit $52.77 a barrel, while the December Gold contract fell 0.38% or 4.75 to trade at $1255.65 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.45% to 4.0719.

The US Dollar Index was up 0.52% at 97.41.

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