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

Published 07/19/2018, 07:15 AM
Updated 07/19/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.20%

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

At the close in Dubai, the DFM General declined 0.20%, while the ADX General index gained 0.32%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 2.91% or 0.030 points to trade at 1.060 at the close. Meanwhile, Air Arabia PJSC (DU:AIRA) added 1.89% or 0.020 points to end at 1.080 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.16% or 0.011 points to 0.963 in late trade.

The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 3.22% or 0.023 points to trade at 0.692 at the close. Amlak Finance PJSC (DU:AMLK) declined 2.80% or 0.021 points to end at 0.728 and Takaful House (DU:DTKF) was down 2.43% or 0.019 points to 0.764.

The top performers on the ADX General were First Abu Dhabi Bank PJSC (AD:FAB) which rose 1.54% to 13.15, National Bank of Fujairah PJSC (AD:NBF) which was up 1.06% to settle at 2.85 and Rak Ceramics (AD:RKCE) which gained 0.85% to close at 2.360.

The worst performers were Invest Bank AD (AD:INVB) which was down 9.68% to 2.240 in late trade, Rak Cement Co (AD:RKCC) which lost 7.79% to settle at 0.710 and Methaq (AD:METH) which was down 2.50% to 0.780 at the close.

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Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 13 and 4 ended unchanged; on the Abu Dhabi, 9 fell and 5 advanced, while 10 ended unchanged.

Shares in First Abu Dhabi Bank PJSC (AD:FAB) rose to 3-years highs; rising 1.54% or 0.20 to 13.15.

Crude oil for September delivery was down 1.20% or 0.81 to $66.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 1.04% or 0.76 to hit $72.14 a barrel, while the August Gold Futures contract fell 0.99% or 12.20 to trade at $1215.70 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.43% to 4.2585.

The US Dollar Index Futures was up 0.50% at 95.31.

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