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United Arab Emirates shares mixed at close of trade; DFM General up 0.31%

Published 09/08/2016, 09:15 pm
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.31%
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Transport, Finance & Investment and Services sectors propelled shares higher while losses in the Consumer Staples, Telecoms and Insurance sectors led shares lower.

At the close in Dubai, the DFM General rose 0.31%, while the ADX General index declined 0.33%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 3.10% or 0.020 points to trade at 0.665 at the close. National Central Cooling Co. (DU:TABR) added 2.74% or 0.040 points to end at 1.500 and Air Arabia PJSC (DU:AIRA) was up 2.07% or 0.030 points to 1.480 in late trade.

Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 2.64% or 0.080 points to trade at 2.950 in late trade. ARAMEX PJSC (DU:ARMX) declined 1.25% or 0.050 points to end at 3.950 and Emirates NBD PJSC (DU:ENBD) shed 1.18% or 0.100 points to 8.350.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 4.08% to 0.510, National Marine Dredging PSC (AD:NMDC) which was up 2.17% to settle at 4.700 and Natl Bk Of Rak (AD:RAKB) which gained 1.98% to close at 5.15.

The worst performers were Agthia Group (AD:AGTH) which was down 3.73% to 6.45 in late trade, Gulf Cement Co (AD:GCEM) which lost 3.33% to settle at 0.8700 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 2.35% to 0.8300 at the close.

Advancing stocks outnumbered falling ones by 19 to 13 and 2 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.58% or 0.25 to $43.27 a barrel. Meanwhile, Brent oil for delivery in October rose 0.35% or 0.16 to hit $45.55 a barrel, while the December Gold contract fell 0.14% or 1.85 to trade at $1339.45 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.01% to 4.0722.

The US Dollar Index was up 0.03% at 96.32.

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