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United Arab Emirates stocks mixed at close of trade; DFM General up 0.06%

Published 09/07/2017, 07:15 AM
Updated 09/07/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.06%

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

At the close in Dubai, the DFM General gained 0.06%, while the ADX General index lost 0.08%.

The best performers of the session on the DFM General were Amlak Finance PJSC (DU:AMLK), which rose 1.79% or 0.020 points to trade at 1.140 at the close. Meanwhile, Dubai Investments PJSC (DU:DINV) added 1.28% or 0.030 points to end at 2.380 and Union Properties PJSC (DU:UPRO) was up 1.03% or 0.009 points to 0.881 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 1.80% or 0.007 points to trade at 0.381 at the close. Marka Pjse (DU:MARKA) declined 1.79% or 0.01 points to end at 0.66 and ARAMEX PJSC (DU:ARMX) was down 1.76% or 0.090 points to 5.010.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 14.91% to 1.85, Dana Gas (AD:DANA) which was up 6.49% to settle at 0.820 and Ad Natl Energy (AD:TAQA) which gained 3.28% to close at 0.630.

The worst performers were Foodco Holding PJSC (AD:FOOD) which was down 10.00% to 5.22 in late trade, Sharjah Islami (AD:SIB) which lost 2.19% to settle at 1.340 and Union Natl Bk (AD:UNB) which was down 1.42% to 4.170 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 12 and 9 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 4 ended unchanged.

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Shares in Marka Pjse (DU:MARKA) fell to all time lows; losing 1.79% or 0.01 to 0.66. Shares in Al Khaleej Investment Co PJSC (AD:KICO) rose to 52-week highs; up 14.91% or 0.24 to 1.85. Shares in Dana Gas (AD:DANA) rose to 3-years highs; rising 6.49% or 0.050 to 0.820.

Crude oil for October delivery was down 0.22% or 0.11 to $49.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.52% or 0.28 to hit $54.48 a barrel, while the December Gold Futures contract rose 0.37% or 5.01 to trade at $1344.01 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.53% to 4.4012.

The US Dollar Index Futures was down 0.47% at 91.78.

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