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United Arab Emirates shares mixed at close of trade; DFM General up 1.36%

Published 2016-03-13, 07:15 a/m
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 1.36%
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Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Insurance and Services sectors propelled shares higher while losses in the Telecoms, Transport and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General gained 1.36% to hit a new 3-month high, while the ADX General index lost 0.84%.

The biggest gainers of the session on the DFM General were Dubai Parks and Resorts PJSC (DU:DUBA), which rose 14.29% or 0.180 points to trade at 1.440 at the close. Islamic Arab Insurance Company (DU:SALAMA) added 6.41% or 0.028 points to end at 0.465 and Emirates NBD PJSC (DU:ENBD) was up 4.58% or 0.350 points to 8.000 in late trade.

Biggest losers included AJMAN BANK PJSC (DU:AJBNK), which lost 4.61% or 0.100 points to trade at 2.070 in late trade. Takaful House (DU:DTKF) declined 4.46% or 0.025 points to end at 0.535 and Union Properties PJSC (DU:UPRO) shed 3.85% or 0.034 points to 0.850.

The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 14.29% to 8.00, Al Khazna Ins (AD:AKIC) which was up 12.12% to settle at 0.370 and Foodco Holding PJSC (AD:FOOD) which gained 6.58% to close at 4.05.

The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 6.41% to 0.7300 in late trade, Ad Commercial (AD:ADCB) which lost 5.99% to settle at 6.90 and Natl Bk Of Ad (AD:NBAD) which was down 4.89% to 8.55 at the close.

Advancing stocks outnumbered falling ones by 14 to 12 and 3 ended unchanged; on the Abu Dhabi, 13 rose and 11 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.66% or 0.63 to $38.47 a barrel. Meanwhile, Brent oil for delivery in May rose 0.67% or 0.27 to hit $40.32 a barrel, while the April Gold contract fell 1.68% or 21.40 to trade at $1251.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.28% to 4.0956.

The US Dollar Index was unchanged 0.00% at 96.23.

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