United Arab Emirates stocks mixed at close of trade; DFM General down 0.35%

United Arab Emirates stocks mixed at close of trade; DFM General down 0.35%

Jul 09, 2018

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

At the close in Dubai, the DFM General declined 0.35%, while the ADX General index climbed 0.03%.

The best performers of the session on the DFM General were Drake&Scull International PJSC (DU:DSI), which rose 10.55% or 0.067 points to trade at 0.702 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 7.97% or 0.076 points to end at 1.030 and Takaful House (DU:DTKF) was up 5.80% or 0.036 points to 0.657 in late trade.

The worst performers of the session were Amanat Holdings PJSC (DU:AMANT), which fell 6.67% or 0.090 points to trade at 1.260 at the close. Gulf General Investments Company (DU:GGIC) declined 1.84% or 0.005 points to end at 0.267 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 1.39% or 0.030 points to 2.130.

The top performers on the ADX General were Finance House (AD:FH) which rose 5.88% to 1.800, Gulf Cement Co (AD:GCEM) which was up 5.10% to settle at 1.0300 and Ad Natl Energy (AD:TAQA) which gained 4.35% to close at 1.200.

The worst performers were Arkan Building Materials Co PJSC (AD:ARKN) which was down 3.33% to 0.5800 in late trade, Methaq (AD:METH) which lost 2.53% to settle at 0.770 and Waha Capital (AD:WAHA) which was down 2.22% to 1.760 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 21 to 12 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 12 ended unchanged.

Crude oil for August delivery was up 0.04% or 0.03 to $73.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.01% or 0.78 to hit $77.89 a barrel, while the August Gold Futures contract rose 0.80% or 10.10 to trade at $1265.90 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.23% to 4.3246.

The US Dollar Index Futures was down 0.27% at 93.51.

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