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United Arab Emirates stocks mixed at close of trade; DFM General up 0.02%

Published 2015-10-06, 07:15 a/m
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.02%
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Investing.com – United Arab Emirates stocks were mixed after the close on Tuesday, as gains in the Consumer Staples, Real Estate & Construction and Transport sectors led shares higher while losses in the Services, Insurance and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General rose 0.02%, while the ADX General index fell 0.22%.

The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 2.78% or 0.050 points to trade at 1.850 at the close. Meanwhile, Emaar Properties PJSC (DU:EMAR) added 1.34% or 0.090 points to end at 6.800 and Dubai Parks and Resorts PJSC (DU:DUBA) was up 0.79% or 0.010 points to 1.260 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 6.76% or 0.100 points to trade at 1.380 at the close. Takaful House (DU:DTKF) declined 4.14% or 0.022 points to end at 0.510 and Dubai Islamic Insurance Co. (DU:AMAN) was down 3.23% or 0.021 points to 0.629.

The top performers on the ADX General were Arkan Bld Mt C (AD:ARKN) which rose 14.46% to 0.95, Rak Cement Co (AD:RKCC) which was up 7.23% to settle at 0.890 and Rak Ceramics (AD:RKCE) which gained 3.48% to close at 3.57.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 10.00% to 0.360 in late trade, Rak Cmt & Cons (AD:RAKC) which lost 8.78% to settle at 1.35 and Green Crs Ins (AD:GCIC) which was down 5.77% to 0.490 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 7 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 16 fell and 9 advanced.

Shares in Al Khazna Ins (AD:AKIC) fell to all time lows; down 10.00% or 0.040 to 0.360. Shares in Green Crs Ins (AD:GCIC) fell to 52-week lows; losing 5.77% or 0.030 to 0.490.

Crude oil for November delivery was down 0.65% or 0.30 to $45.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.10% or 0.05 to hit $49.20 a barrel, while the December Gold contract rose 0.02% or 0.20 to trade at $1137.80 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.26% to 4.1191.

The US Dollar Index was down 0.23% at 96.00.

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