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United Arab Emirates stocks mixed at close of trade; DFM General down 0.26%

Published 09/21/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.26%
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Investing.com – United Arab Emirates stocks were mixed after the close on Wednesday, as gains in the Services, Telecoms and Banking sectors led shares higher while losses in the Consumer Staples, Real Estate & Construction and Transport sectors led shares lower.

At the close in Dubai, the DFM General lost 0.26% to hit a new 1-month low, while the ADX General index gained 0.15%.

The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 10.73% or 6.95 points to trade at 71.75 at the close. Meanwhile, National Central Cooling Co. (DU:TABR) added 6.45% or 0.100 points to end at 1.650 and Commercial Bank of Dubai P.S.C. (DU:CBD) was up 6.12% or 0.300 points to 5.200 in late trade.

The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 10.00% or 0.320 points to trade at 2.880 at the close. Takaful House (DU:DTKF) declined 1.90% or 0.020 points to end at 1.030 and Dubai Parks and Resorts PJSC (DU:DUBA) was down 1.83% or 0.030 points to 1.610.

The top performers on the ADX General were Agthia Group (AD:AGTH) which rose 4.02% to 5.95, Rak Properties (AD:RPRO) which was up 1.69% to settle at 0.600 and First Gulf Bk (AD:FGB) which gained 1.27% to close at 11.95.

The worst performers were Abu Dhabi National Hotels Co (AD:ADNH) which was down 9.80% to 3.13 in late trade, Al Khazna Ins (AD:AKIC) which lost 9.30% to settle at 0.390 and Ad Shipbldg Co (AD:ADSB) which was down 9.18% to 2.670 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 16 and 5 ended unchanged; on the Abu Dhabi Stock Exchange, 11 fell and 9 advanced, while 5 ended unchanged.

Shares in National Cement Company P.S.C. (DU:NCC) fell to 3-years lows; losing 10.00% or 0.320 to 2.880. Shares in National Central Cooling Co. (DU:TABR) rose to 52-week highs; gaining 6.45% or 0.100 to 1.650.

Crude oil for November delivery was up 2.20% or 0.97 to $45.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 2.01% or 0.92 to hit $46.80 a barrel, while the December Gold contract rose 0.47% or 6.25 to trade at $1324.45 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.07% to 4.0940.

The US Dollar Index was down 0.03% at 95.94.

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