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United Arab Emirates stocks mixed at close of trade; DFM General up 0.95%

Published 10/11/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.95%
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Investing.com – United Arab Emirates stocks were mixed after the close on Tuesday, as gains in the Consumer Staples, Services and Transport sectors led shares higher while losses in the Banking, Telecoms and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General rose 0.95%, while the ADX General index fell 0.31%.

The best performers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 10.48% or 0.11 points to trade at 1.16 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 4.22% or 0.020 points to end at 0.494 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 4.05% or 0.060 points to 1.540 in late trade.

The worst performers of the session were Commercial Bank of Dubai P.S.C. (DU:CBD), which fell 8.93% or 0.490 points to trade at 5.000 at the close. Mashreqbank PSC (DU:MASB) unchanged 0.00% or 0.00 points to end at 68.90 and Dubai National Insurance (DU:DNIN) was 0.00% or 0.000 points to 2.500.

The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 15.00% to 0.460, Int Fish Farmi (AD:ASMK) which was up 10.49% to settle at 1.79 and Eshraq Properties Co PJSC (AD:ESHR) which gained 2.56% to close at 0.8000.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 8.30% to 2.210 in late trade, First Gulf Bk (AD:FGB) which lost 1.74% to settle at 11.30 and Natl Bk Of Ad (AD:NBAD) which was down 0.68% to 8.75 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 33 to 2 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 13 rose and 5 declined, while 6 ended unchanged.

Crude oil for November delivery was down 0.78% or 0.40 to $50.95 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.70% or 0.37 to hit $52.77 a barrel, while the December Gold contract fell 0.38% or 4.85 to trade at $1255.55 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.45% to 4.0719.

The US Dollar Index was up 0.53% at 97.42.

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