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United Arab Emirates stocks mixed at close of trade; DFM General down 0.29%

Published 03/19/2018, 07:15 AM
Updated 03/19/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.29%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.29%

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

At the close in Dubai, the DFM General lost 0.29%, while the ADX General index gained 0.21%.

The best performers of the session on the DFM General were National General Insurance Co PSC (DU:NGIN), which rose 10.00% or 0.20 points to trade at 2.20 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 2.81% or 0.020 points to end at 0.732 and Emaar Development PJSC (DU:EMAARDEV) was up 2.47% or 0.130 points to 5.390 in late trade.

The worst performers of the session were Dubai Islamic Bank (DU:DISB), which fell 2.51% or 0.140 points to trade at 5.440 at the close. Arabtec Holding PJSC (DU:ARTC) declined 1.71% or 0.040 points to end at 2.300 and Marka Pjse (DU:MARKA) was down 2.60% or 0.01 points to 0.53.

The top performers on the ADX General were Fujairah Cement Industries Co PSC (AD:FCI) which rose 14.74% to 1.090, Rak Cement Co (AD:RKCC) which was up 6.58% to settle at 0.810 and Eshraq Properties Co PJSC (AD:ESHR) which gained 2.86% to close at 0.7200.

The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 10.00% to 3.420 in late trade, Gulf Medical Projects Co PSC (AD:GMPC) which lost 10.00% to settle at 1.80 and Al Khazna Ins (AD:AKIC) which was down 3.85% to 0.250 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 17 and 2 ended unchanged; on the Abu Dhabi, 16 fell and 10 advanced, while 8 ended unchanged.

Shares in Al Khazna Ins (AD:AKIC) fell to all time lows; down 3.85% or 0.010 to 0.250.

Crude oil for May delivery was down 0.45% or 0.28 to $62.13 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.32% or 0.21 to hit $66.00 a barrel, while the April Gold Futures contract fell 0.11% or 1.50 to trade at $1310.80 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.03% to 4.5150.

The US Dollar Index Futures was down 0.04% at 89.76.

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