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United Arab Emirates stocks mixed at close of trade; DFM General up 0.35%

Published 05/17/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.35%

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

At the close in Dubai, the DFM General gained 0.35%, while the ADX General index declined 0.46%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 5.98% or 0.110 points to trade at 1.950 at the close. Meanwhile, Emaar Properties PJSC (DU:EMAR) added 2.25% or 0.140 points to end at 6.370 and Dubai Financial Market PJSC (DU:DFM) was up 1.60% or 0.020 points to 1.270 in late trade.

The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 9.91% or 0.330 points to trade at 3.000 at the close. Gulf General Investments Company (DU:GGIC) declined 3.06% or 0.019 points to end at 0.601 and Drake & Scull International PJSC (DU:DSI) was down 2.19% or 0.012 points to 0.535.

The top performers on the ADX General were Green Crs Ins (AD:GCIC) which rose 12.82% to 0.880, Rak Properties (AD:RPRO) which was up 1.67% to settle at 0.610 and Eshraq Properties Co PJSC (AD:ESHR) which gained 1.30% to close at 0.7800.

The worst performers were National Corp Tourism Hotels (AD:NCTH) which was down 9.82% to 4.50 in late trade, Fujairah Building Industries Co PSC (AD:FBI) which lost 5.00% to settle at 1.14 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 2.13% to 0.460 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 11 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 14 fell and 9 advanced, while 7 ended unchanged.

Crude oil for June delivery was up 0.04% or 0.02 to $47.74 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.39% or 0.19 to hit $48.78 a barrel, while the June Gold contract fell 0.03% or 0.35 to trade at $1273.85 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.00% to 4.1594.

The US Dollar Index was up 0.02% at 94.55.

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