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United Arab Emirates stocks mixed at close of trade; DFM General down 0.17%

Published 05/29/2018, 07:15 AM
Updated 05/29/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.17%

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

At the close in Dubai, the DFM General lost 0.17%, while the ADX General index added 0.61%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 2.72% or 0.018 points to trade at 0.680 at the close. Meanwhile, Dubai Islamic Bank (DU:DISB) added 1.05% or 0.050 points to end at 4.790 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 0.84% or 0.020 points to 2.390 in late trade.

The worst performers of the session were Islamic Arab Insurance Company (DU:SALAMA), which fell 2.90% or 0.013 points to trade at 0.435 at the close. Gulf General Investments Company (DU:GGIC) declined 2.17% or 0.006 points to end at 0.270 and Gulf Navigation Holding PJSC (DU:GNAV) was down 1.94% or 0.020 points to 1.010.

The top performers on the ADX General were Sharjah Group Co (AD:SG) which rose 13.04% to 1.30, Abu Dhabi National Hotels Co (AD:ADNH) which was up 5.28% to settle at 2.79 and Ad Natl Energy (AD:TAQA) which gained 1.64% to close at 1.240.

The worst performers were Methaq (AD:METH) which was down 6.17% to 0.760 in late trade, International Holding Company PJSC (AD:IHC) which lost 3.68% to settle at 1.31 and Waha Capital (AD:WAHA) which was down 1.71% to 1.720 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 9 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 8 ended unchanged.

Shares in Gulf Navigation Holding PJSC (DU:GNAV) fell to 52-week lows; down 1.94% or 0.020 to 1.010. Shares in International Holding Company PJSC (AD:IHC) fell to 52-week lows; down 3.68% or 0.05 to 1.31.

Crude oil for July delivery was down 1.38% or 0.94 to $66.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.65% or 0.49 to hit $75.81 a barrel, while the June Gold Futures contract fell 0.05% or 0.70 to trade at $1303.00 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.73% to 4.2385.

The US Dollar Index Futures was up 0.53% at 94.86.

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