United Arab Emirates stocks mixed at close of trade; DFM General up 0.55% By Investing.com

United Arab Emirates stocks mixed at close of trade; DFM General up 0.55%

Stock MarketsOct 16, 2018 07:15AM ET

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United Arab Emirates stocks mixed at close of trade; DFM General up 0.55%

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

At the close in Dubai, the DFM General rose 0.55%, while the ADX General index fell 0.04%.

The best performers of the session on the DFM General were Deyaar Development PJSC (DU:DEYR), which rose 9.95% or 0.043 points to trade at 0.475 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 1.93% or 0.007 points to end at 0.370 and National Central Cooling Co. (DU:TABR) was up 1.91% or 0.030 points to 1.600 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 1.70% or 0.007 points to trade at 0.404 at the close. Takaful House (DU:DTKF) declined 1.49% or 0.009 points to end at 0.596 and Dubai Islamic Insurance Co. (DU:AMAN) was down 1.43% or 0.009 points to 0.620.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 5.15% to 0.715, Ad Natl Energy (AD:TAQA) which was up 3.60% to settle at 1.150 and Eshraq Properties Co PJSC (AD:ESHR) which gained 3.12% to close at 0.6280.

The worst performers were Gulf Cement Co (AD:GCEM) which was down 4.35% to 0.8800 in late trade, Rak Ceramics (AD:RKCE) which lost 3.93% to settle at 2.200 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 3.17% to 0.5200 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 14 to 13 and 8 ended unchanged; on the Abu Dhabi, 16 fell and 7 advanced, while 5 ended unchanged.

Shares in Takaful House (DU:DTKF) fell to 52-week lows; falling 1.49% or 0.009 to 0.596. Shares in Gulf Cement Co (AD:GCEM) fell to 52-week lows; losing 4.35% or 0.0400 to 0.8800.

Crude oil for November delivery was down 0.82% or 0.59 to $71.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.73% or 0.59 to hit $80.19 a barrel, while the December Gold Futures contract rose 0.25% or 3.10 to trade at $1233.40 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED fell 0.01% to 4.2526.

The US Dollar Index Futures was down 0.05% at 94.72.

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