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United Arab Emirates shares mixed at close of trade; DFM General down 0.30%

Published 09/05/2016, 09:15 pm
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.30%
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Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Transport, Insurance and Finance & Investment sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Telecoms sectors led shares lower.

At the close in Dubai, the DFM General declined 0.30%, while the ADX General index gained 0.61%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 8.57% or 0.045 points to trade at 0.570 at the close. SHUAA Capital PSC (DU:SHUA) added 3.50% or 0.023 points to end at 0.680 and Air Arabia PJSC (DU:AIRA) was up 3.23% or 0.040 points to 1.280 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU:DAMAC), which lost 4.05% or 0.10 points to trade at 2.37 in late trade. Takaful House (DU:DTKF) declined 2.24% or 0.011 points to end at 0.479 and ARAMEX PJSC (DU:ARMX) shed 2.08% or 0.070 points to 3.300.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 11.11% to 2.90, Natl Bk Of Ad (AD:NBAD) which was up 4.82% to settle at 8.70 and Rak Properties (AD:RPRO) which gained 3.85% to close at 0.540.

The worst performers were Int Fish Farmi (AD:ASMK) which was down 80.81% to 1.33 in late trade, Al Khazna Ins (AD:AKIC) which lost 6.82% to settle at 0.410 and Bank Of Sharja (AD:BOS) which was down 4.44% to 1.29 at the close.

Declining stocks outnumbered rising ones by 16 to 15 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 1.61% or 0.72 to $45.38 a barrel. Meanwhile, Brent oil for delivery in July rose 1.08% or 0.49 to hit $45.86 a barrel, while the June Gold contract fell 1.31% or 17.00 to trade at $1277.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.13% to 4.1826.

The US Dollar Index was up 0.19% at 94.01.

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