Investing.com – United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Telecoms, Finance & Investment and Transport sectors led shares higher while losses in the Insurance, Consumer Staples and Services sectors led shares lower.
At the close in Dubai, the DFM General lost 0.03%, while the ADX General index climbed 0.40%.
The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 6.43% or 0.090 points to trade at 1.490 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 2.80% or 0.015 points to end at 0.550 and Gulf General Investments Company (DU:GGIC) was up 1.27% or 0.007 points to 0.560 in late trade.
The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 7.63% or 0.090 points to trade at 1.090 at the close. Islamic Arab Insurance Company (DU:SALAMA) declined 5.49% or 0.036 points to end at 0.620 and Takaful House (DU:DTKF) was down 4.48% or 0.060 points to 1.280.
The top performers on the ADX General were Arkan Building Materials Co PJSC (AD:ARKN) which rose 14.14% to 1.1300, Ad Shipbldg Co (AD:ADSB) which was up 14.07% to settle at 3.000 and Rak Cement Co (AD:RKCC) which gained 13.58% to close at 0.920.
The worst performers were Methaq (AD:METH) which was down 3.81% to 1.010 in late trade, Ad Islamic Bk (AD:ADIB) which lost 1.28% to settle at 3.850 and Emirates Telec (AD:ETEL) which was down 0.53% to 18.80 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 17 to 15 and 9 ended unchanged; on the Abu Dhabi, 16 rose and 5 declined, while 8 ended unchanged.
Shares in Arkan Building Materials Co PJSC (AD:ARKN) rose to 52-week highs; gaining 14.14% or 0.1400 to 1.1300. Shares in Rak Cement Co (AD:RKCC) rose to 52-week highs; rising 13.58% or 0.110 to 0.920.
Crude oil for February delivery was up 0.78% or 0.41 to $52.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.02% or 0.56 to hit $55.66 a barrel, while the February Gold contract rose 0.69% or 8.25 to trade at $1204.85 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.60% to 3.9104.
The US Dollar Index was down 0.68% at 101.01.