United Arab Emirates stocks mixed at close of trade; DFM General down 0.52%

United Arab Emirates stocks mixed at close of trade; DFM General down 0.52%

Aug 16, 2018

United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Consumer Staples, Telecoms and Services sectors led shares higher while losses in the Finance&Investment, Banking and Insurance sectors led shares lower.

At the close in Dubai, the DFM General fell 0.52% to hit a new 52-week low, while the ADX General index gained 0.42%.

The best performers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU:DXBE), which rose 3.64% or 0.012 points to trade at 0.342 at the close. Meanwhile, Deyaar Development PJSC (DU:DEYR) added 2.24% or 0.009 points to end at 0.410 and Arabtec Holding PJSC (DU:ARTC) was up 2.12% or 0.040 points to 1.930 in late trade.

The worst performers of the session were Dubai National Insurance (DU:DNIN), which fell 8.57% or 0.300 points to trade at 3.200 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 5.52% or 0.038 points to end at 0.651 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 1.88% or 0.040 points to 2.090.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 14.13% to 2.100, Ad Natl Energy (AD:TAQA) which was up 6.19% to settle at 1.200 and Dana Gas (AD:DANA) which gained 1.80% to close at 1.130.

The worst performers were Finance House (AD:FH) which was down 9.47% to 1.530 in late trade, Commercial Bank International (AD:CBI) which lost 4.11% to settle at 0.700 and Ad Aviation (AD:ADAV) which was down 3.01% to 2.900 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 15 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 7 ended unchanged.

Crude oil for September delivery was down 0.06% or 0.04 to $64.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.11% or 0.08 to hit $70.84 a barrel, while the December Gold Futures contract rose 0.14% or 1.60 to trade at $1186.60 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.20% to 4.1773.

The US Dollar Index Futures was down 0.11% at 96.48.

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