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United Arab Emirates stocks mixed at close of trade; DFM General up 0.20%

Published 03/26/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.20%
DFMBK
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Investing.com – United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Telecoms, Real Estate & Construction and Banking sectors led shares higher while losses in the Consumer Staples, Services and Finance & Investment sectors led shares lower.

At the close in Dubai, the DFM General added 0.20%, while the ADX General index lost 0.67%.

The best performers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 3.08% or 0.029 points to trade at 0.972 at the close. Meanwhile, Arabtec Holding PJSC (DU:ARTC) added 2.04% or 0.018 points to end at 0.900 and Amlak Finance PJSC (DU:AMLK) was up 0.92% or 0.010 points to 1.100 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 4.51% or 0.06 points to trade at 1.27 at the close. AJMAN BANK PJSC (DU:AJBNK) declined 3.76% or 0.050 points to end at 1.280 and Gulf Navigation Holding PJSC (DU:GNAV) was down 3.40% or 0.050 points to 1.420.

The top performers on the ADX General were Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) which rose 10.56% to 3.56, Em Driving Co (AD:DRIV) which was up 7.57% to settle at 9.95 and Ad Natl Energy (AD:TAQA) which gained 2.22% to close at 0.460.

The worst performers were Sharjah Cement AD (AD:SCID) which was down 7.41% to 1.000 in late trade, Sharjah Islami (AD:SIB) which lost 4.11% to settle at 1.400 and Al Khazna Ins (AD:AKIC) which was down 2.33% to 0.420 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 12 and 10 ended unchanged; on the Abu Dhabi, 17 fell and 7 advanced, while 6 ended unchanged.

Shares in AJMAN BANK PJSC (DU:AJBNK) fell to 3-years lows; losing 3.76% or 0.050 to 1.280. Shares in Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) rose to 52-week highs; up 10.56% or 0.34 to 3.56. Shares in Em Driving Co (AD:DRIV) rose to all time highs; up 7.57% or 0.70 to 9.95.

Crude oil for May delivery was up 0.84% or 0.40 to $48.10 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 0.85% or 0.43 to hit $50.99 a barrel, while the April Gold Futures contract fell 0.34% or 4.20 to trade at $1243.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.17% to 3.9680.

The US Dollar Index Futures was up 0.03% at 99.59.

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