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United Arab Emirates stocks mixed at close of trade; DFM General down 0.62%

Published 11/06/2016, 06:15 AM
Updated 11/06/2016, 06:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.62%

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

At the close in Dubai, the DFM General lost 0.62%, while the ADX General index climbed 0.24%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 10.09% or 0.110 points to trade at 1.200 at the close. Meanwhile, Marka Pjse (DU:MARKA) added 2.75% or 0.03 points to end at 1.12 and Gulf Navigation Holding PJSC (DU:GNAV) was up 2.44% or 0.030 points to 1.260 in late trade.

The worst performers of the session were Takaful House (DU:DTKF), which fell 2.91% or 0.030 points to trade at 1.000 at the close. National Central Cooling Co. (DU:TABR) declined 2.79% or 0.050 points to end at 1.740 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was down 2.60% or 0.040 points to 1.500.

The top performers on the ADX General were Rak Cmt & Cons (AD:RAKC) which rose 11.71% to 1.240, Emirates Telec (AD:ETEL) which was up 1.62% to settle at 18.80 and Rak Properties (AD:RPRO) which gained 1.61% to close at 0.630.

The worst performers were Int Fish Farmi (AD:ASMK) which was down 9.47% to 1.53 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 3.70% to settle at 2.080 and Methaq (AD:METH) which was down 2.56% to 0.760 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 16 and 4 ended unchanged; on the Abu Dhabi Stock Exchange, 15 fell and 6 advanced, while 8 ended unchanged.

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Shares in SHUAA Capital PSC (DU:SHUA) rose to 52-week highs; gaining 10.09% or 0.110 to 1.200. Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 52-week highs; gaining 2.44% or 0.030 to 1.260. Shares in Gulf Pharm Ind (AD:GPHI) fell to 3-years lows; falling 3.70% or 0.080 to 2.080.

Crude oil for December delivery was down 1.23% or 0.55 to $44.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 1.70% or 0.79 to hit $45.56 a barrel, while the December Gold contract rose 0.19% or 2.50 to trade at $1305.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.23% to 4.0908.

The US Dollar Index was down 0.26% at 96.94.

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