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United Arab Emirates stocks mixed at close of trade; DFM General down 0.03%

Published 09/12/2017, 07:15 AM
Updated 09/12/2017, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.03%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.03%

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

At the close in Dubai, the DFM General lost 0.03%, while the ADX General index climbed 0.71%.

The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 1.63% or 0.006 points to trade at 0.373 at the close. Meanwhile, Emaar Properties PJSC (DU:EMAR) added 0.92% or 0.080 points to end at 8.780 and Dubai Investments PJSC (DU:DINV) was up 0.42% or 0.010 points to 2.400 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 6.03% or 0.05 points to trade at 0.73 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.25% or 0.040 points to end at 1.190 and Air Arabia PJSC (DU:AIRA) was down 1.75% or 0.020 points to 1.120.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 14.59% to 2.12, Green Crs Ins (AD:GCIC) which was up 12.50% to settle at 0.540 and Rak Properties (AD:RPRO) which gained 2.86% to close at 0.720.

The worst performers were Rak Ceramics (AD:RKCE) which was down 3.08% to 2.520 in late trade, Gulf Cement Co (AD:GCEM) which lost 1.90% to settle at 1.0300 and Agthia Group (AD:AGTH) which was down 1.67% to 5.30 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 7 and 11 ended unchanged; on the Abu Dhabi, 8 rose and 6 declined, while 11 ended unchanged.

Shares in Emaar Properties PJSC (DU:EMAR) rose to 52-week highs; up 0.92% or 0.080 to 8.780. Shares in Al Khaleej Investment Co PJSC (AD:KICO) rose to 52-week highs; gaining 14.59% or 0.27 to 2.12.

Crude oil for October delivery was up 0.33% or 0.16 to $48.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.50% or 0.27 to hit $54.11 a barrel, while the December Gold Futures contract fell 0.52% or 7.01 to trade at $1328.69 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.14% to 4.3843.

The US Dollar Index Futures was up 0.05% at 91.97.

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