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United Arab Emirates shares mixed at close of trade; DFM General up 0.05%

Published 2017-09-13, 07:15 a/m
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.05%
DFMGI
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DFMIF
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DFMRE
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DFMTC
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DFMTP
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ARTC
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GGIC
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TABR
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DFMCSI
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DFMSV
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AMLK
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ADAVIATION
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SCIDC
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ADNIC
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GCEM
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JULPHAR
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FTFADGI
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MARKA
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AMANT
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CBI
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Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Services, Real Estate & Construction and Transport sectors propelled shares higher while losses in the Finance & Investment, Telecoms and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General added 0.05% to hit a new 1-month high, while the ADX General index fell 0.37%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 1.64% or 0.01 points to trade at 0.74 at the close. National Central Cooling Co. (DU:TABR) added 1.44% or 0.030 points to end at 2.110 and Amanat Holdings PJSC (DU:AMANT) was up 0.89% or 0.010 points to 1.130 in late trade.

Biggest losers included Amlak Finance PJSC (DU:AMLK), which lost 2.63% or 0.030 points to trade at 1.110 in late trade. Gulf General Investments Company (DU:GGIC) declined 1.34% or 0.005 points to end at 0.368 and Arabtec Holding PJSC (DU:ARTC) shed 1.30% or 0.040 points to 3.040.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 9.58% to 2.630, Ad Aviation (AD:ADAV) which was up 7.14% to settle at 3.000 and Ad Natl Ins Co (AD:ADNI) which gained 3.90% to close at 4.000.

The worst performers were Commercial Bank International (AD:CBI) which was down 10.00% to 0.900 in late trade, Gulf Cement Co (AD:GCEM) which lost 2.91% to settle at 1.0000 and Sharjah Cement AD (AD:SCID) which was down 2.78% to 1.050 at the close.

Declining stocks outnumbered rising ones by 16 to 13 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.89% or 0.43 to $48.66 a barrel. Meanwhile, Brent oil for delivery in November rose 0.66% or 0.36 to hit $54.63 a barrel, while the December Gold Futures contract rose 0.43% or 5.72 to trade at $1338.42 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.17% to 4.4025.

The US Dollar Index Futures was down 0.14% at 91.76.

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