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United Arab Emirates stocks mixed at close of trade; DFM General up 0.25%

Published 06/15/2017, 07:15 AM
United Arab Emirates stocks mixed at close of trade; DFM General up 0.25%

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

At the close in Dubai, the DFM General added 0.25%, while the ADX General index declined 0.75%.

The best performers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 4.90% or 0.070 points to trade at 1.500 at the close. Meanwhile, Takaful Emarat PSC (DU:TKFE) added 3.48% or 0.080 points to end at 2.380 and Dubai Investments PJSC (DU:DINV) was up 2.34% or 0.050 points to 2.190 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 2.50% or 0.010 points to trade at 0.390 at the close. Arabtec Holding PJSC (DU:ARTC) declined 2.43% or 0.019 points to end at 0.762 and Takaful House (DU:DTKF) was down 1.77% or 0.020 points to 1.110.

The top performers on the ADX General were Dana Gas (AD:DANA) which rose 7.35% to 0.730, Commercial Bank International (AD:CBI) which was up 3.31% to settle at 1.250 and Natl Bk Of Rak (AD:RAKB) which gained 2.48% to close at 4.54.

The worst performers were Nat Bk Qaiwain (AD:NBQ) which was down 9.84% to 2.75 in late trade, Union Natl Bk (AD:UNB) which lost 4.55% to settle at 4.620 and Gulf Cement Co (AD:GCEM) which was down 4.12% to 0.9300 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 10 and 7 ended unchanged; on the Abu Dhabi, 18 fell and 6 advanced, while 7 ended unchanged.

Shares in Commercial Bank International (AD:CBI) rose to 3-years lows; rising 3.31% or 0.040 to 1.250.

Crude oil for July delivery was down 0.47% or 0.21 to $44.52 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.30% or 0.14 to hit $46.86 a barrel, while the August Gold Futures contract fell 1.43% or 18.20 to trade at $1257.70 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.49% to 4.1002.

The US Dollar Index Futures was up 0.35% at 97.25.

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