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United Arab Emirates stocks mixed at close of trade; DFM General up 0.74%

Published 05/29/2017, 07:15 AM
Updated 05/29/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.74%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.74%

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

At the close in Dubai, the DFM General added 0.74%, while the ADX General index lost 0.08%.

The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 5.44% or 0.019 points to trade at 0.368 at the close. Meanwhile, Dubai Financial Market PJSC (DU:DFM) added 4.81% or 0.050 points to end at 1.090 and ARAMEX PJSC (DU:ARMX) was up 3.87% or 0.190 points to 5.100 in late trade.

The worst performers of the session were AJMAN BANK PJSC (DU:AJBNK), which fell 2.50% or 0.030 points to trade at 1.170 at the close. National Central Cooling Co. (DU:TABR) declined 2.08% or 0.040 points to end at 1.880 and Emirates NBD PJSC (DU:ENBD) was down 1.84% or 0.150 points to 8.000.

The top performers on the ADX General were Agthia Group (AD:AGTH) which rose 6.59% to 5.50, Sharjah Islami (AD:SIB) which was up 5.34% to settle at 1.380 and Rak Properties (AD:RPRO) which gained 3.57% to close at 0.580.

The worst performers were Bank Of Sharja (AD:BOS) which was down 6.20% to 1.210 in late trade, Int Fish Farmi (AD:ASMK) which lost 2.78% to settle at 1.40 and Methaq (AD:METH) which was down 2.56% to 0.760 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 27 to 8 and 1 ended unchanged; on the Abu Dhabi, 11 fell and 8 advanced, while 7 ended unchanged.

Shares in Methaq (AD:METH) fell to 52-week lows; down 2.56% or 0.020 to 0.760.

Crude oil for July delivery was down 0.30% or 0.15 to $49.65 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.29% or 0.15 to hit $52.36 a barrel, while the June Gold Futures contract fell 0.11% or 1.35 to trade at $1266.75 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.07% to 4.1087.

The US Dollar Index Futures was down 0.06% at 97.27.

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