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United Arab Emirates stocks mixed at close of trade; DFM General up 1.18%

Stock MarketsOct 10, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 1.18%

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

At the close in Dubai, the DFM General gained 1.18%, while the ADX General index fell 0.12%.

The best performers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 4.81% or 0.028 points to trade at 0.610 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 3.57% or 0.070 points to end at 2.030 and National Central Cooling Co. (DU:TABR) was up 3.23% or 0.050 points to 1.600 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 2.64% or 0.011 points to trade at 0.405 at the close. AJMAN BANK PJSC (DU:AJBNK) declined 2.11% or 0.020 points to end at 0.930 and Union Properties PJSC (DU:UPRO) was down 1.33% or 0.009 points to 0.667.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD:ARKN) which rose 1.92% to 0.5300, Ad Natl Energy (AD:TAQA) which was up 0.88% to settle at 1.140 and Rak Properties (AD:RPRO) which gained 0.66% to close at 0.615.

The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 1.56% to 0.5680 in late trade, Dana Gas (AD:DANA) which lost 0.86% to settle at 1.150 and International Holding Company PJSC (AD:IHC) which was down 0.84% to 1.18 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 14 and 4 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 2 ended unchanged.

Shares in Union Properties PJSC (DU:UPRO) fell to 52-week lows; falling 1.33% or 0.009 to 0.667.

Crude oil for November delivery was down 0.20% or 0.15 to $74.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.22% or 0.19 to hit $84.81 a barrel, while the December Gold Futures contract rose 0.02% or 0.20 to trade at $1191.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.03% to 4.2230.

The US Dollar Index Futures was down 0.01% at 95.35.

United Arab Emirates stocks mixed at close of trade; DFM General up 1.18%
 

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