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United Arab Emirates stocks mixed at close of trade; DFM General up 0.64%

Published 10/24/2017, 07:15 AM
Updated 10/24/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.64%

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

At the close in Dubai, the DFM General added 0.64%, while the ADX General index declined 0.05%.

The best performers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 8.51% or 0.120 points to trade at 1.530 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 3.27% or 0.018 points to end at 0.568 and Drake & Scull International PJSC (DU:DSI) was up 2.91% or 0.060 points to 2.120 in late trade.

The worst performers of the session were DXB Entertainments (P.J.S.C.) (DU:DXBE), which fell 1.18% or 0.009 points to trade at 0.756 at the close. SHUAA Capital PSC (DU:SHUA) declined 0.91% or 0.010 points to end at 1.090 and Amanat Holdings PJSC (DU:AMANT) was down 0.84% or 0.010 points to 1.180.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 14.78% to 2.330, Gulf Pharm Ind (AD:GPHI) which was up 8.26% to settle at 2.490 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 5.88% to close at 0.7200.

The worst performers were Al Khaleej Investment Co PJSC (AD:KICO) which was down 9.86% to 3.11 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 4.08% to settle at 0.470 and Al Khazna Ins (AD:AKIC) which was down 3.23% to 0.300 at the close.

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Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 16 to 14 and 5 ended unchanged; on the Abu Dhabi, 13 fell and 12 advanced, while 7 ended unchanged.

Crude oil for December delivery was up 0.83% or 0.43 to $52.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.77% or 0.44 to hit $57.81 a barrel, while the December Gold Futures contract fell 0.07% or 0.95 to trade at $1279.95 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED rose 0.13% to 4.3210.

The US Dollar Index Futures was down 0.01% at 93.71.

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