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United Arab Emirates stocks mixed at close of trade; DFM General up 0.22%

Published 07/11/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.22%

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

At the close in Dubai, the DFM General rose 0.22% to hit a new 1-month high, while the ADX General index declined 0.61%.

The best performers of the session on the DFM General were Emaar Malls Group (DU:EMAA), which rose 2.45% or 0.070 points to trade at 2.930 at the close. Meanwhile, Dubai Financial Market PJSC (DU:DFM) added 1.54% or 0.020 points to end at 1.320 and Emaar Properties PJSC (DU:EMAR) was up 1.42% or 0.090 points to 6.440 in late trade.

The worst performers of the session were Takaful House (DU:DTKF), which fell 5.62% or 0.055 points to trade at 0.923 at the close. Takaful Emarat PSC (DU:TKFE) declined 3.48% or 0.070 points to end at 1.940 and Commercial Bank of Dubai P.S.C. (DU:CBD) was down 2.88% or 0.150 points to 5.050.

The top performers on the ADX General were Finance House (AD:FH) which rose 4.49% to 1.860, Arkan Building Materials Co PJSC (AD:ARKN) which was up 4.44% to settle at 0.9400 and Al Khazna Ins (AD:AKIC) which gained 4.17% to close at 0.500.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 9.09% to 2.000 in late trade, Gulf Cement Co (AD:GCEM) which lost 6.32% to settle at 0.8900 and Natl Bk Of Ad (AD:NBAD) which was down 3.38% to 10.00 at the close.

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Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 15 to 14 and 6 ended unchanged; on the Abu Dhabi Stock Exchange, 13 rose and 10 declined, while 7 ended unchanged.

Shares in Al Khazna Ins (AD:AKIC) rose to 52-week highs; gaining 4.17% or 0.020 to 0.500.

Crude oil for August delivery was down 1.30% or 0.59 to $44.82 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.22% or 0.57 to hit $46.19 a barrel, while the August Gold contract rose 0.10% or 1.35 to trade at $1359.75 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.06% to 4.0569.

The US Dollar Index was up 0.31% at 96.61.

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