Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks mixed at close of trade; DFM General up 0.72%

Published 01/22/2017, 06:15 AM
Updated 01/22/2017, 08:50 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.72%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.72%

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

At the close in Dubai, the DFM General added 0.72%, while the ADX General index lost 0.13%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 13.58% or 0.220 points to trade at 1.840 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 4.95% or 0.050 points to end at 1.060 and Drake & Scull International PJSC (DU:DSI) was up 4.77% or 0.025 points to 0.549 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 4.00% or 0.06 points to trade at 1.44 at the close. Mashreqbank PSC (DU:MASB) declined 1.28% or 1.00 points to end at 77.00 and Union Properties PJSC (DU:UPRO) was down 0.86% or 0.010 points to 1.150.

The top performers on the ADX General were Foodco Holding PJSC (AD:FOOD) which rose 15.00% to 5.29, Waha Capital (AD:WAHA) which was up 14.76% to settle at 2.410 and Eshraq Properties Co PJSC (AD:ESHR) which gained 12.96% to close at 1.2200.

The worst performers were Commercial Bank International (AD:CBI) which was down 9.55% to 1.800 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 5.71% to settle at 0.660 and Al Khazna Ins (AD:AKIC) which was down 4.44% to 0.430 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 26 to 13 and 4 ended unchanged; on the Abu Dhabi, 17 rose and 10 declined, while 4 ended unchanged.

Shares in SHUAA Capital PSC (DU:SHUA) rose to 5-year highs; gaining 13.58% or 0.220 to 1.840. Shares in Foodco Holding PJSC (AD:FOOD) rose to 52-week highs; rising 15.00% or 0.69 to 5.29. Shares in Commercial Bank International (AD:CBI) fell to 52-week lows; falling 9.55% or 0.190 to 1.800. Shares in Waha Capital (AD:WAHA) rose to 52-week highs; up 14.76% or 0.310 to 2.410. Shares in Eshraq Properties Co PJSC (AD:ESHR) rose to 52-week highs; rising 12.96% or 0.1400 to 1.2200.

Crude oil for March delivery was up 2.05% or 1.07 to $53.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.38% or 1.29 to hit $55.45 a barrel, while the February Gold contract rose 0.67% or 8.00 to trade at $1209.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.39% to 3.9319.

The US Dollar Index was down 0.33% at 100.77.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.