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United Arab Emirates stocks mixed at close of trade; DFM General up 1.28%

Published 05/26/2016, 07:15 AM
Updated 05/26/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 1.28%

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

At the close in Dubai, the DFM General added 1.28%, while the ADX General index lost 0.12%.

The best performers of the session on the DFM General were Dubai Parks and Resorts PJSC (DU:DUBA), which rose 6.72% or 0.090 points to trade at 1.430 at the close. Meanwhile, Emirates NBD PJSC (DU:ENBD) added 3.53% or 0.290 points to end at 8.500 and Commercial Bank of Dubai P.S.C. (DU:CBD) was up 1.78% or 0.100 points to 5.720 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 2.46% or 0.015 points to trade at 0.595 at the close. Arabtec Holding PJSC (DU:ARTC) declined 2.07% or 0.030 points to end at 1.420 and Dubai Islamic Insurance Co. (DU:AMAN) was down 1.76% or 0.010 points to 0.558.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:ADNH) which rose 2.19% to 2.80, Dana Gas (AD:DANA) which was up 1.89% to settle at 0.540 and Rak Cement Co (AD:RKCC) which gained 1.27% to close at 0.800.

The worst performers were Gulf Medical Projects Co PSC (AD:GMPC) which was down 3.75% to 2.31 in late trade, Natl Bk Of Ad (AD:NBAD) which lost 2.79% to settle at 8.01 and Methaq (AD:METH) which was down 2.38% to 0.820 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 15 to 14 and 6 ended unchanged; on the Abu Dhabi Stock Exchange, 11 rose and 10 declined, while 5 ended unchanged.

Shares in Dubai Parks and Resorts PJSC (DU:DUBA) rose to all time highs; up 6.72% or 0.090 to 1.430.

Crude oil for July delivery was up 0.59% or 0.29 to $49.85 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.74% or 0.37 to hit $50.11 a barrel, while the June Gold contract rose 0.45% or 5.45 to trade at $1229.25 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.25% to 4.1073.

The US Dollar Index was down 0.20% at 95.21.

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