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United Arab Emirates stocks mixed at close of trade; DFM General down 0.46%

Stock MarketsJun 07, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.46%

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

At the close in Dubai, the DFM General lost 0.46%, while the ADX General index gained 0.22%.

The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 4.27% or 0.090 points to trade at 2.200 at the close. Meanwhile, SHUAA Capital PSC (DU:SHUA) added 1.82% or 0.020 points to end at 1.120 and Gulf General Investments Company (DU:GGIC) was up 1.43% or 0.004 points to 0.284 in late trade.

The worst performers of the session were DXB Entertainments (P.J.S.C.) (DU:DXBE), which fell 4.80% or 0.020 points to trade at 0.397 at the close. Dubai Islamic Bank (DU:DISB) declined 2.12% or 0.110 points to end at 5.070 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 2.02% or 0.050 points to 2.430.

The top performers on the ADX General were Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) which rose 10.91% to 1.83, Rak Cmt & Cons (AD:RAKC) which was up 9.80% to settle at 1.120 and National Takaful Co PJSC (AD:WATA) which gained 7.14% to close at 0.75.

The worst performers were Methaq (AD:METH) which was down 3.70% to 0.780 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 3.39% to settle at 0.570 and Agthia Group (AD:AGTH) which was down 2.06% to 4.75 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 11 and 11 ended unchanged; on the Abu Dhabi, 10 fell and 10 advanced, while 9 ended unchanged.

Shares in National Takaful Co PJSC (AD:WATA) rose to 52-week highs; gaining 7.14% or 0.05 to 0.75.

Crude oil for July delivery was up 0.96% or 0.62 to $65.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 1.58% or 1.19 to hit $76.55 a barrel, while the August Gold Futures contract rose 0.11% or 1.40 to trade at $1302.80 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.54% to 4.3477.

The US Dollar Index Futures was down 0.35% at 93.28.

United Arab Emirates stocks mixed at close of trade; DFM General down 0.46%
 

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