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United Arab Emirates shares mixed at close of trade; DFM General down 0.77%

Published 24/11/2016, 11:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.77%

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

At the close in Dubai, the DFM General lost 0.77%, while the ADX General index gained 0.32%.

The biggest gainers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 4.37% or 0.035 points to trade at 0.836 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 1.97% or 0.030 points to end at 1.550 and National Central Cooling Co. (DU:TABR) was up 1.94% or 0.040 points to 2.100 in late trade.

Biggest losers included Amlak Finance PJSC (DU:AMLK), which lost 5.88% or 0.080 points to trade at 1.280 in late trade. Amanat Holdings PJSC (DU:AMANT) declined 4.35% or 0.043 points to end at 0.945 and Damac Properties Dubai Co PSC (DU:DAMAC) shed 3.59% or 0.080 points to 2.150.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 9.09% to 0.600, Natl Bk Of Ad (AD:NBAD) which was up 2.17% to settle at 9.40 and Eshraq Properties Co PJSC (AD:ESHR) which gained 1.90% to close at 1.0700.

The worst performers were Green Crs Ins (AD:GCIC) which was down 8.47% to 0.540 in late trade, Int Fish Farmi (AD:ASMK) which lost 6.62% to settle at 1.41 and Dana Gas (AD:DANA) which was down 5.17% to 0.550 at the close.

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Declining stocks outnumbered rising ones by 21 to 12 and 4 ended unchanged; on the Abu Dhabi, 10 fell and 10 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.19% or 0.09 to $48.03 a barrel. Meanwhile, Brent oil for delivery in January rose 0.14% or 0.07 to hit $49.02 a barrel, while the December Gold contract fell 0.07% or 0.85 to trade at $1186.95 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.10% to 3.8823.

The US Dollar Index was down 0.10% at 101.63.

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