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United Arab Emirates stocks mixed at close of trade; DFM General up 1.40%

Stock MarketsApr 11, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 1.40%

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

At the close in Dubai, the DFM General gained 1.40%, while the ADX General index fell 0.47%.

The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 8.11% or 0.021 points to trade at 0.280 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 5.59% or 0.090 points to end at 1.700 and Emaar Properties PJSC (DU:EMAR) was up 4.77% or 0.270 points to 5.930 in late trade.

The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 10.00% or 0.340 points to trade at 3.060 at the close. Takaful Emarat PSC (DU:TKFE) declined 9.90% or 0.190 points to end at 1.730 and Dubai Islamic Insurance Co. (DU:AMAN) was down 3.30% or 0.023 points to 0.675.

The top performers on the ADX General were Union Insurance Co PSC (AD:UNIN) which rose 13.64% to 1.50, Rak Cement Co (AD:RKCC) which was up 8.45% to settle at 0.770 and Ad Natl Energy (AD:TAQA) which gained 7.14% to close at 1.050.

The worst performers were Emirates Ins C (AD:EIC) which was down 10.00% to 6.30 in late trade, Commercial Bank International (AD:CBI) which lost 9.72% to settle at 0.650 and Rak Cmt & Cons (AD:RAKC) which was down 9.57% to 0.850 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 13 and 4 ended unchanged; on the Abu Dhabi, 16 fell and 11 advanced, while 5 ended unchanged.

Shares in Takaful Emarat PSC (DU:TKFE) fell to 52-week lows; down 9.90% or 0.190 to 1.730. Shares in Dubai Islamic Insurance Co. (DU:AMAN) fell to 52-week lows; down 3.30% or 0.023 to 0.675. Shares in Commercial Bank International (AD:CBI) fell to 3-years lows; falling 9.72% or 0.070 to 0.650. Shares in Ad Natl Energy (AD:TAQA) rose to 3-years highs; up 7.14% or 0.070 to 1.050. Shares in Rak Cmt & Cons (AD:RAKC) fell to 5-year lows; losing 9.57% or 0.090 to 0.850.

Crude oil for May delivery was up 1.13% or 0.74 to $66.25 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.00% or 0.71 to hit $71.75 a barrel, while the June Gold Futures contract rose 0.56% or 7.50 to trade at $1353.40 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.21% to 4.5478.

The US Dollar Index Futures was down 0.17% at 89.17.

United Arab Emirates stocks mixed at close of trade; DFM General up 1.40%
 

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