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United Arab Emirates stocks mixed at close of trade; DFM General up 0.37%

Stock MarketsJul 23, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.37%

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

At the close in Dubai, the DFM General rose 0.37% to hit a new 1-month high, while the ADX General index lost 0.21%.

The best performers of the session on the DFM General were Deyaar Development PJSC (DU:DEYR), which rose 1.64% or 0.007 points to trade at 0.433 at the close. Meanwhile, Emaar Properties PJSC (DU:EMAR) added 1.55% or 0.080 points to end at 5.250 and Dubai Investments PJSC (DU:DINV) was up 1.54% or 0.030 points to 1.980 in late trade.

The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 7.14% or 0.200 points to trade at 2.600 at the close. SHUAA Capital PSC (DU:SHUA) declined 2.83% or 0.030 points to end at 1.030 and Air Arabia PJSC (DU:AIRA) was down 2.78% or 0.030 points to 1.050.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 8.45% to 0.770, Gulf Cement Co (AD:GCEM) which was up 6.19% to settle at 1.0300 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which gained 3.92% to close at 0.530.

The worst performers were Union Natl Bk (AD:UNB) which was down 5.35% to 3.360 in late trade, Methaq (AD:METH) which lost 2.50% to settle at 0.780 and International Holding Company PJSC (AD:IHC) which was down 1.53% to 1.29 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 15 to 15 and 6 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 7 ended unchanged.

Shares in National Cement Company P.S.C. (DU:NCC) fell to 5-year lows; down 7.14% or 0.200 to 2.600. Shares in Union Natl Bk (AD:UNB) fell to 52-week lows; losing 5.35% or 0.190 to 3.360.

Crude oil for September delivery was up 1.22% or 0.83 to $69.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.61% or 1.18 to hit $74.25 a barrel, while the August Gold Futures contract fell 0.05% or 0.60 to trade at $1230.50 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.07% to 4.3022.

The US Dollar Index Futures was down 0.04% at 94.21.

United Arab Emirates stocks mixed at close of trade; DFM General up 0.37%
 

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