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United Arab Emirates stocks mixed at close of trade; DFM General up 0.64%

Published 07/23/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.64%

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

At the close in Dubai, the DFM General added 0.64%, while the ADX General index declined 0.39%.

The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 7.76% or 0.090 points to trade at 1.250 at the close. Meanwhile, Takaful Emarat PSC (DU:TKFE) added 4.39% or 0.100 points to end at 2.380 and Dubai Investments PJSC (DU:DINV) was up 4.33% or 0.100 points to 2.410 in late trade.

The worst performers of the session were Deyaar Development PJSC (DU:DEYR), which fell 2.03% or 0.011 points to trade at 0.532 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 1.18% or 0.009 points to end at 0.756 and Arabtec Holding PJSC (DU:ARTC) was down 1.13% or 0.040 points to 3.510.

The top performers on the ADX General were Union Natl Bk (AD:UNB) which rose 2.40% to 4.690, Natl Bk Of Rak (AD:RAKB) which was up 2.30% to settle at 4.45 and Rak Properties (AD:RPRO) which gained 1.49% to close at 0.680.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 9.76% to 0.370 in late trade, Ad Aviation (AD:ADAV) which lost 9.70% to settle at 2.700 and Aldar Properti (AD:ALDR) which was down 2.51% to 2.330 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 20 to 11 and 6 ended unchanged; on the Abu Dhabi, 13 fell and 9 advanced, while 4 ended unchanged.

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Crude oil for September delivery was down 2.77% or 1.30 to $45.62 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 2.88% or 1.42 to hit $47.88 a barrel, while the August Gold Futures contract rose 0.72% or 8.98 to trade at $1254.48 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.27% to 4.2838.

The US Dollar Index Futures was down 0.32% at 93.78.

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