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United Arab Emirates stocks mixed at close of trade; DFM General up 0.38%

Published 06/29/2017, 07:15 AM
Updated 06/29/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.38%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.38%

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

At the close in Dubai, the DFM General gained 0.38%, while the ADX General index fell 0.55%.

The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 4.36% or 0.120 points to trade at 2.870 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 3.27% or 0.100 points to end at 3.160 and Emirates NBD PJSC (DU:ENBD) was up 2.26% or 0.180 points to 8.140 in late trade.

The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 3.56% or 0.031 points to trade at 0.840 at the close. SHUAA Capital PSC (DU:SHUA) declined 2.70% or 0.030 points to end at 1.080 and Dubai Financial Market PJSC (DU:DFM) was down 2.63% or 0.030 points to 1.110.

The top performers on the ADX General were Rak Ceramics (AD:RKCE) which rose 6.47% to 2.470, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 1.89% to settle at 0.540 and Rak Properties (AD:RPRO) which gained 1.59% to close at 0.640.

The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 8.51% to 0.8600 in late trade, Sharjah Islami (AD:SIB) which lost 4.44% to settle at 1.290 and Int Fish Farmi (AD:ASMK) which was down 4.08% to 1.41 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 16 and 3 ended unchanged; on the Abu Dhabi, 15 fell and 9 advanced, while 3 ended unchanged.

Shares in Damac Properties Dubai Co PSC (DU:DAMAC) rose to 52-week highs; gaining 3.27% or 0.100 to 3.160. Shares in Sharjah Islami (AD:SIB) fell to 52-week lows; down 4.44% or 0.060 to 1.290.

Crude oil for August delivery was up 1.03% or 0.46 to $45.20 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.95% or 0.45 to hit $47.99 a barrel, while the August Gold Futures contract fell 0.25% or 3.16 to trade at $1245.94 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.1888.

The US Dollar Index Futures was down 0.17% at 95.62.

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