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United Arab Emirates stocks mixed at close of trade; DFM General down 2.01%

Stock MarketsMay 09, 2018 07:20AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 2.01%

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

At the close in Dubai, the DFM General fell 2.01% to hit a new 52-week low, while the ADX General index gained 0.16%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 2.80% or 0.030 points to trade at 1.100 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 1.75% or 0.011 points to end at 0.640 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 0.53% or 0.002 points to 0.380 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 5.41% or 0.060 points to trade at 1.050 at the close. Emaar Properties PJSC (DU:EMAR) declined 4.91% or 0.260 points to end at 5.040 and Arabtec Holding PJSC (DU:ARTC) was down 3.61% or 0.060 points to 1.600.

The top performers on the ADX General were Union Insurance Co PSC (AD:UNIN) which rose 14.55% to 1.89, Nat Bk Qaiwain (AD:NBQ) which was up 11.11% to settle at 3.00 and Invest Bank AD (AD:INVB) which gained 8.81% to close at 2.100.

The worst performers were Arkan Building Materials Co PJSC (AD:ARKN) which was down 7.35% to 0.6300 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 4.76% to settle at 0.600 and Ad Natl Energy (AD:TAQA) which was down 2.92% to 1.330 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 10 and 3 ended unchanged; on the Abu Dhabi, 17 fell and 8 advanced, while 3 ended unchanged.

Shares in Drake & Scull International PJSC (DU:DSI) fell to 52-week lows; losing 5.41% or 0.060 to 1.050. Shares in Emaar Properties PJSC (DU:EMAR) fell to 52-week lows; losing 4.91% or 0.260 to 5.040. Shares in Arabtec Holding PJSC (DU:ARTC) fell to 3-years lows; losing 3.61% or 0.060 to 1.600. Shares in Union Insurance Co PSC (AD:UNIN) rose to 3-years highs; up 14.55% or 0.24 to 1.89.

Crude oil for June delivery was up 2.77% or 1.91 to $70.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 2.93% or 2.19 to hit $77.04 a barrel, while the June Gold Futures contract fell 0.37% or 4.90 to trade at $1308.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.13% to 4.3633.

The US Dollar Index Futures was down 0.10% at 92.85.

United Arab Emirates stocks mixed at close of trade; DFM General down 2.01%
 

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