United Arab Emirates stocks mixed at close of trade; DFM General up 0.02%

14/03/2018 11:15:00 Stock Market

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

At the close in Dubai, the DFM General gained 0.02%, while the ADX General index fell 0.41%.

The best performers of the session on the DFM General were Damac Properties Dubai Co PSC (DU:DAMAC), which rose 3.33% or 0.100 points to trade at 3.100 at the close. Meanwhile, Drake&Scull International PJSC (DU:DSI) added 2.79% or 0.050 points to end at 1.840 and Amlak Finance PJSC (DU:AMLK) was up 1.59% or 0.014 points to 0.896 in late trade.

The worst performers of the session were Amanat Holdings PJSC (DU:AMANT), which fell 2.14% or 0.030 points to trade at 1.370 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 1.61% or 0.009 points to end at 0.549 and Islamic Arab Insurance Company (DU:SALAMA) was down 1.54% or 0.007 points to 0.448.

The top performers on the ADX General were Union Cement (AD:UCC) which rose 5.33% to 1.780, Agthia Group (AD:AGTH) which was up 4.55% to settle at 4.60 and Ad Natl Energy (AD:TAQA) which gained 2.99% to close at 0.690.

The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 8.70% to 2.100 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 5.66% to settle at 0.500 and Insurance Hous (AD:IH) which was down 4.49% to 0.850 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 18 to 12 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 11 ended unchanged.

Shares in DXB Entertainments (P.J.S.C.) (DU:DXBE) fell to all time lows; down 1.61% or 0.009 to 0.549. Shares in Union Cement (AD:UCC) rose to 3-years highs; rising 5.33% or 0.090 to 1.780.

Crude oil for April delivery was up 0.68% or 0.41 to $61.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 0.62% or 0.40 to hit $65.04 a barrel, while the April Gold Futures contract fell 0.10% or 1.30 to trade at $1325.80 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.12% to 4.5452.

The US Dollar Index Futures was up 0.07% at 89.76.