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United Arab Emirates stocks mixed at close of trade; DFM General down 0.23%

Published 09/26/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.23%

Investing.com – United Arab Emirates stocks were mixed after the close on Tuesday, as gains in the Services, Consumer Staples and Transport sectors led shares higher while losses in the Finance & Investment, Telecoms and Banking sectors led shares lower.

At the close in Dubai, the DFM General fell 0.23% to hit a new 1-month low, while the ADX General index added 0.07%.

The best performers of the session on the DFM General were Amlak Finance PJSC (DU:AMLK), which rose 3.85% or 0.040 points to trade at 1.080 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 2.43% or 0.009 points to end at 0.379 and Deyaar Development PJSC (DU:DEYR) was up 1.63% or 0.008 points to 0.498 in late trade.

The worst performers of the session were Gulf Navigation Holding PJSC (DU:GNAV), which fell 3.91% or 0.050 points to trade at 1.230 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 2.24% or 0.020 points to end at 0.874 and Commercial Bank of Dubai P.S.C. (DU:CBD) was down 1.75% or 0.070 points to 3.930.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 13.85% to 4.44, Agthia Group (AD:AGTH) which was up 2.82% to settle at 5.10 and Dana Gas (AD:DANA) which gained 1.41% to close at 0.720.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD:QIC) which was down 9.92% to 1.1800 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.53% to settle at 0.7700 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 1.52% to 0.6500 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 16 and 5 ended unchanged; on the Abu Dhabi, 10 fell and 5 advanced, while 12 ended unchanged.

Shares in Commercial Bank of Dubai P.S.C. (DU:CBD) fell to 3-years lows; down 1.75% or 0.070 to 3.930. Shares in Al Khaleej Investment Co PJSC (AD:KICO) rose to 52-week highs; rising 13.85% or 0.54 to 4.44.

Crude oil for November delivery was down 0.19% or 0.10 to $52.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.50% or 0.29 to hit $58.14 a barrel, while the December Gold Futures contract fell 0.37% or 4.90 to trade at $1306.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.50% to 4.3300.

The US Dollar Index Futures was up 0.39% at 92.80.

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