United Arab Emirates stocks mixed at close of trade; DFM General down 0.38%

United Arab Emirates stocks mixed at close of trade; DFM General down 0.38%

Oct 02, 2018

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

At the close in Dubai, the DFM General lost 0.38%, while the ADX General index gained 0.29%.

The best performers of the session on the DFM General were Drake&Scull International PJSC (DU:DSI), which rose 14.76% or 0.053 points to trade at 0.412 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 6.94% or 0.025 points to end at 0.385 and Takaful Emarat PSC (DU:TKFE) was up 3.43% or 0.060 points to 1.810 in late trade.

The worst performers of the session were Takaful House (DU:DTKF), which fell 2.79% or 0.018 points to trade at 0.628 at the close. Dubai Investments PJSC (DU:DINV) declined 2.63% or 0.050 points to end at 1.850 and Gulf General Investments Company (DU:GGIC) was down 1.87% or 0.005 points to 0.263.

The top performers on the ADX General were Dana Gas (AD:DANA) which rose 2.56% to 1.200, Ad Commercial (AD:ADCB) which was up 1.00% to settle at 8.08 and Union Natl Bk (AD:UNB) which gained 0.81% to close at 4.950.

The worst performers were Union Insurance Co PSC (AD:UNIN) which was down 9.40% to 1.35 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 3.56% to settle at 0.5150 and Aldar Properti (AD:ALDR) which was down 2.78% to 1.750 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 14 and 7 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 4 ended unchanged.

Shares in Dana Gas (AD:DANA) rose to 5-year highs; up 2.56% or 0.030 to 1.200. Shares in Ad Commercial (AD:ADCB) rose to 3-years highs; gaining 1.00% or 0.08 to 8.08. Shares in Arkan Building Materials Co PJSC (AD:ARKN) fell to all time lows; falling 3.56% or 0.0190 to 0.5150. Shares in Aldar Properti (AD:ALDR) fell to 5-year lows; losing 2.78% or 0.050 to 1.750.

Crude oil for November delivery was up 0.12% or 0.09 to $75.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.40% or 0.34 to hit $84.64 a barrel, while the December Gold Futures contract rose 0.23% or 2.80 to trade at $1194.50 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.44% to 4.2344.

The US Dollar Index Futures was up 0.37% at 95.27.

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