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United Arab Emirates stocks mixed at close of trade; DFM General up 0.01%

Published 03/29/2017, 07:15 AM
Updated 03/29/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.01%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.01%

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

At the close in Dubai, the DFM General gained 0.01%, while the ADX General index lost 0.76%.

The best performers of the session on the DFM General were Amlak Finance PJSC (DU:AMLK), which rose 2.80% or 0.030 points to trade at 1.100 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 2.70% or 0.050 points to end at 1.900 and ARAMEX PJSC (DU:ARMX) was up 2.01% or 0.100 points to 5.080 in late trade.

The worst performers of the session were SHUAA Capital PSC (DU:SHUA), which fell 2.78% or 0.050 points to trade at 1.750 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 2.50% or 0.021 points to end at 0.818 and Gulf General Investments Company (DU:GGIC) was down 1.60% or 0.007 points to 0.431.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 7.72% to 2.930, Invest Bank AD (AD:INVB) which was up 6.09% to settle at 2.440 and Gulf Cement Co (AD:GCEM) which gained 5.00% to close at 1.0500.

The worst performers were National Bank of Fujairah PJSC (AD:NBF) which was down 7.98% to 3.00 in late trade, Aldar Properti (AD:ALDR) which lost 6.22% to settle at 2.260 and Rak Ceramics (AD:RKCE) which was down 4.55% to 2.100 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 fell and 10 advanced, while 7 ended unchanged.

Shares in Gulf General Investments Company (DU:GGIC) fell to 52-week lows; losing 1.60% or 0.007 to 0.431. Shares in National Bank of Fujairah PJSC (AD:NBF) fell to 52-week lows; down 7.98% or 0.26 to 3.00. Shares in Aldar Properti (AD:ALDR) fell to 52-week lows; losing 6.22% or 0.150 to 2.260.

Crude oil for May delivery was up 0.45% or 0.22 to $48.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.54% or 0.28 to hit $51.70 a barrel, while the April Gold Futures contract fell 0.26% or 3.25 to trade at $1252.35 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.21% to 3.9627.

The US Dollar Index Futures was up 0.10% at 99.63.

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