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United Arab Emirates stocks mixed at close of trade; DFM General down 0.77%

Published 03/08/2018, 06:15 AM
Updated 03/08/2018, 06:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.77%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.77%

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

At the close in Dubai, the DFM General lost 0.77% to hit a new 52-week low, while the ADX General index climbed 0.17%.

The best performers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 1.75% or 0.01 points to trade at 0.58 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 1.68% or 0.030 points to end at 1.820 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 1.63% or 0.009 points to 0.560 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 3.08% or 0.060 points to trade at 1.890 at the close. Emaar Properties PJSC (DU:EMAR) declined 2.28% or 0.140 points to end at 6.000 and Amanat Holdings PJSC (DU:AMANT) was down 2.05% or 0.030 points to 1.430.

The top performers on the ADX General were Union Cement (AD:UCC) which rose 13.97% to 1.550, Ad Shipbldg Co (AD:ADSB) which was up 12.82% to settle at 2.200 and Rak Cmt & Cons (AD:RAKC) which gained 3.00% to close at 1.030.

The worst performers were Rak Ceramics (AD:RKCE) which was down 9.79% to 2.580 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 9.73% to settle at 3.060 and Union Insurance Co PSC (AD:UNIN) which was down 9.50% to 1.62 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 23 to 15 and 4 ended unchanged; on the Abu Dhabi, 13 fell and 8 advanced, while 14 ended unchanged.

Shares in Emaar Properties PJSC (DU:EMAR) fell to 52-week lows; down 2.28% or 0.140 to 6.000. Shares in National Marine Dredging PSC (AD:NMDC) fell to all time lows; falling 9.73% or 0.330 to 3.060. Shares in Union Insurance Co PSC (AD:UNIN) fell to 52-week lows; losing 9.50% or 0.17 to 1.62.

Crude oil for April delivery was down 0.10% or 0.06 to $61.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.23% or 0.15 to hit $64.19 a barrel, while the April Gold Futures contract fell 0.10% or 1.30 to trade at $1326.30 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.31% to 4.5454.

The US Dollar Index Futures was up 0.25% at 89.78.

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