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United Arab Emirates stocks mixed at close of trade; DFM General up 0.78%

Stock MarketsJun 03, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.78%

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

At the close in Dubai, the DFM General added 0.78% to hit a new 1-month high, while the ADX General index declined 0.85%.

The best performers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 3.76% or 0.016 points to trade at 0.441 at the close. Meanwhile, Takaful House (DU:DTKF) added 3.40% or 0.022 points to end at 0.669 and Arabtec Holding PJSC (DU:ARTC) was up 3.08% or 0.060 points to 2.010 in late trade.

The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 4.12% or 0.028 points to trade at 0.651 at the close. Emaar Development PJSC (DU:EMAARDEV) declined 3.40% or 0.180 points to end at 5.120 and Air Arabia PJSC (DU:AIRA) was down 2.59% or 0.030 points to 1.130.

The top performers on the ADX General were National Takaful Co PJSC (AD:WATA) which rose 10.53% to 0.63, Gulf Pharm Ind (AD:GPHI) which was up 9.52% to settle at 2.300 and Methaq (AD:METH) which gained 3.90% to close at 0.800.

The worst performers were Nat Bk Qaiwain (AD:NBQ) which was down 10.00% to 2.61 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 9.76% to settle at 2.960 and Ad Natl Energy (AD:TAQA) which was down 8.00% to 1.150 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 21 to 11 and 6 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 11 ended unchanged.

Shares in Nat Bk Qaiwain (AD:NBQ) fell to 52-week lows; down 10.00% or 0.29 to 2.61.

Crude oil for July delivery was down 1.97% or 1.32 to $65.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.22% or 0.95 to hit $76.61 a barrel, while the August Gold Futures contract unchanged 0.00% or 0.00 to trade at $1299.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.30% to 4.2833.

The US Dollar Index Futures was up 0.22% at 94.16.

United Arab Emirates stocks mixed at close of trade; DFM General up 0.78%
 

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