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United Arab Emirates stocks mixed at close of trade; DFM General down 0.07%

Published 10/04/2016, 07:15 AM
Updated 10/04/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.07%

Investing.com – United Arab Emirates stocks were mixed after the close on Tuesday, as gains in the Services, Real Estate & Construction and Insurance sectors led shares higher while losses in the Telecoms, Transport and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General lost 0.07% to hit a new 1-month low, while the ADX General index climbed 0.29%.

The best performers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 9.43% or 0.10 points to trade at 1.16 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 2.31% or 0.040 points to end at 1.770 and Emaar Properties PJSC (DU:EMAR) was up 1.01% or 0.070 points to 6.970 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 3.10% or 0.016 points to trade at 0.500 at the close. SHUAA Capital PSC (DU:SHUA) declined 1.86% or 0.016 points to end at 0.844 and Gulf Navigation Holding PJSC (DU:GNAV) was down 1.79% or 0.020 points to 1.100.

The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 11.79% to 4.740, Rak Ceramics (AD:RKCE) which was up 4.78% to settle at 2.850 and Agthia Group (AD:AGTH) which gained 3.99% to close at 6.25.

The worst performers were Gulf Medical Projects Co PSC (AD:GMPC) which was down 7.41% to 2.50 in late trade, Int Fish Farmi (AD:ASMK) which lost 5.41% to settle at 1.75 and Gulf Pharm Ind (AD:GPHI) which was down 1.89% to 2.080 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 12 and 7 ended unchanged; on the Abu Dhabi Stock Exchange, 11 rose and 10 declined, while 5 ended unchanged.

Shares in Gulf General Investments Company (DU:GGIC) fell to 52-week lows; falling 3.10% or 0.016 to 0.500. Shares in National Central Cooling Co. (DU:TABR) rose to 52-week highs; rising 2.31% or 0.040 to 1.770. Shares in Gulf Pharm Ind (AD:GPHI) fell to 3-years lows; losing 1.89% or 0.040 to 2.080.

Crude oil for November delivery was down 0.98% or 0.48 to $48.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.79% or 0.40 to hit $50.49 a barrel, while the December Gold contract fell 0.12% or 1.55 to trade at $1311.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.36% to 4.1031.

The US Dollar Index was up 0.48% at 96.11.

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