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United Arab Emirates stocks mixed at close of trade; DFM General up 0.03%

Published 02/22/2018, 06:15 AM
Updated 02/22/2018, 06:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.03%

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

At the close in Dubai, the DFM General rose 0.03%, while the ADX General index fell 0.09%.

The best performers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 3.74% or 0.040 points to trade at 1.110 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 3.53% or 0.060 points to end at 1.760 and Emaar Properties PJSC (DU:EMAR) was up 1.77% or 0.110 points to 6.330 in late trade.

The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 9.81% or 0.310 points to trade at 2.850 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 2.99% or 0.024 points to end at 0.780 and Emirates NBD PJSC (DU:ENBD) was down 2.25% or 0.200 points to 8.700.

The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 5.74% to 1.290, Umm Al Qaiwain Cement Industries Co PSC (AD:QIC) which was up 2.94% to settle at 1.0500 and Union Natl Bk (AD:UNB) which gained 2.36% to close at 3.910.

The worst performers were Sharjah Cement AD (AD:SCID) which was down 9.60% to 1.130 in late trade, Al Khazna Ins (AD:AKIC) which lost 7.14% to settle at 0.260 and Ad Natl Energy (AD:TAQA) which was down 2.56% to 0.760 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 22 to 11 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 6 advanced, while 9 ended unchanged.

Shares in Al Khazna Ins (AD:AKIC) fell to all time lows; losing 7.14% or 0.020 to 0.260.

Crude oil for April delivery was down 0.55% or 0.34 to $61.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.31% or 0.20 to hit $65.22 a barrel, while the April Gold Futures contract fell 0.51% or 6.80 to trade at $1325.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.08% to 4.5148.

The US Dollar Index Futures was down 0.07% at 89.97.

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