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United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

Published 08/10/2017, 07:15 AM
Updated 08/10/2017, 07:20 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.12%

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

At the close in Dubai, the DFM General gained 0.12%, while the ADX General index declined 0.12%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 2.48% or 0.030 points to trade at 1.240 at the close. Meanwhile, Dubai Financial Market PJSC (DU:DFM) added 1.69% or 0.020 points to end at 1.200 and Union Properties PJSC (DU:UPRO) was up 1.15% or 0.010 points to 0.880 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 9.05% or 0.210 points to trade at 2.110 at the close. Marka Pjse (DU:MARKA) declined 2.18% or 0.02 points to end at 0.72 and Emaar Malls (DU:EMAA) was down 1.22% or 0.030 points to 2.420.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 10.33% to 2.350, Al Khazna Ins (AD:AKIC) which was up 3.03% to settle at 0.340 and Rak Cement Co (AD:RKCC) which gained 2.67% to close at 0.770.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.90% to 3.730 in late trade, Gulf Cement Co (AD:GCEM) which lost 9.17% to settle at 0.9900 and National Corp Tourism Hotels (AD:NCTH) which was down 5.38% to 2.46 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 13 and 11 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 8 ended unchanged.

Shares in Takaful Emarat PSC (DU:TKFE) fell to 52-week lows; losing 9.05% or 0.210 to 2.110. Shares in National Marine Dredging PSC (AD:NMDC) fell to 3-years lows; losing 9.90% or 0.410 to 3.730.

Crude oil for September delivery was up 0.73% or 0.36 to $49.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.06% or 0.56 to hit $53.26 a barrel, while the December Gold Futures contract rose 0.56% or 7.21 to trade at $1286.51 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.30% to 4.3062.

The US Dollar Index Futures was up 0.19% at 93.59.

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