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United Arab Emirates shares mixed at close of trade; DFM General up 0.50%

Published 17/10/2018, 10:15 pm
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General up 0.50%
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Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Real Estate & Construction, Transport and Finance & Investment sectors propelled shares higher while losses in the Insurance, Banking and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General added 0.50%, while the ADX General index declined 0.30%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 3.43% or 0.060 points to trade at 1.810 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 3.23% or 0.020 points to end at 0.640 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 2.63% or 0.050 points to 1.950 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU:SALAMA), which lost 5.28% or 0.039 points to trade at 0.700 in late trade. Deyaar Development PJSC (DU:DEYR) declined 2.11% or 0.010 points to end at 0.465 and Dubai Islamic Bank (DU:DISB) shed 1.15% or 0.060 points to 5.160.

The top performers on the ADX General were Natl Bk Of Rak (AD:RAKB) which rose 1.74% to 4.10, Waha Capital (AD:WAHA) which was up 0.54% to settle at 1.850 and Emirates Telec (AD:ETEL) which gained 0.12% to close at 16.68.

The worst performers were Ad Islamic Bk (AD:ADIB) which was down 3.58% to 3.500 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 2.12% to settle at 0.5090 and Eshraq Properties Co PJSC (AD:ESHR) which was down 1.91% to 0.6160 at the close.

Advancing stocks outnumbered falling ones by 19 to 13 and 4 ended unchanged; on the Abu Dhabi, 8 fell and 3 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.47% or 0.34 to $71.58 a barrel. Meanwhile, Brent oil for delivery in December fell 0.23% or 0.19 to hit $81.22 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1229.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.27% to 4.2398.

The US Dollar Index Futures was up 0.25% at 95.02.

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