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United Arab Emirates shares mixed at close of trade; DFM General down 0.06%

Published 2016-09-06, 07:15 a/m
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.06%
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Telecoms, Banking and Real Estate & Construction sectors propelled shares higher while losses in the Consumer Staples, Services and Insurance sectors led shares lower.

At the close in Dubai, the DFM General lost 0.06%, while the ADX General index added 0.08%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 4.09% or 0.021 points to trade at 0.535 at the close. Dubai Investments PJSC (DU:DINV) added 0.47% or 0.010 points to end at 2.150 and Takaful House (DU:DTKF) was up 0.40% or 0.004 points to 0.997 in late trade.

Biggest losers included SHUAA Capital PSC (DU:SHUA), which lost 5.51% or 0.044 points to trade at 0.755 in late trade. Gulf General Investments Company (DU:GGIC) declined 2.29% or 0.013 points to end at 0.555 and Dubai Parks and Resorts PJSC (DU:DUBA) shed 1.76% or 0.030 points to 1.670.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 10.64% to 0.520, Finance House (AD:FH) which was up 2.78% to settle at 1.850 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 1.23% to close at 0.8200.

The worst performers were Methaq (AD:METH) which was down 2.25% to 0.870 in late trade, Rak Properties (AD:RPRO) which lost 1.64% to settle at 0.600 and Eshraq Properties Co PJSC (AD:ESHR) which was down 1.23% to 0.8000 at the close.

Declining stocks outnumbered rising ones by 18 to 8 and 9 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.08% or 0.48 to $44.92 a barrel. Meanwhile, Brent oil for delivery in November fell 0.59% or 0.28 to hit $47.35 a barrel, while the December Gold contract rose 0.72% or 9.50 to trade at $1336.20 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.21% to 4.1025.

The US Dollar Index was down 0.14% at 95.61.

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