Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

Published 08/29/2016, 07:15 AM
Updated 08/29/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

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

At the close in Dubai, the DFM General added 0.12%, while the ADX General index declined 0.10%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 4.17% or 0.040 points to trade at 1.000 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 2.73% or 0.030 points to end at 1.130 and ARAMEX PJSC (DU:ARMX) was up 2.25% or 0.090 points to 4.090 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 2.42% or 0.012 points to trade at 0.483 at the close. Islamic Arab Insurance Company (DU:SALAMA) declined 1.83% or 0.009 points to end at 0.484 and Takaful Emarat PSC (DU:TKFE) was down 1.69% or 0.050 points to 2.900.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.85% to 2.900, Bank Of Sharja (AD:BOS) which was up 5.26% to settle at 1.400 and Int Fish Farmi (AD:ASMK) which gained 4.11% to close at 1.52.

The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 1.25% to 0.7900 in late trade, First Gulf Bk (AD:FGB) which lost 0.42% to settle at 11.85 and Gulf Medical Projects Co PSC (AD:GMPC) which was down 0.40% to 2.50 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 11 and 5 ended unchanged; on the Abu Dhabi Stock Exchange, 9 fell and 8 advanced, while 14 ended unchanged.

Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 52-week highs; gaining 2.73% or 0.030 to 1.130.

Crude oil for October delivery was down 1.30% or 0.62 to $47.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 1.40% or 0.70 to hit $49.45 a barrel, while the December Gold contract fell 0.18% or 2.45 to trade at $1323.45 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.14% to 4.1052.

The US Dollar Index was up 0.20% at 95.67.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.