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United Arab Emirates shares mixed at close of trade; DFM General down 0.05%

Published 12/07/2015, 12:15
Updated 12/07/2015, 15:25
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.05%
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Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Telecoms and Finance & Investment sectors propelled shares higher while losses in the Services, Insurance and Transport sectors led shares lower.

At the close in Dubai, the DFM General declined 0.05%, while the ADX General index gained 0.48%.

The biggest gainers of the session on the DFM General were Dubai Parks and Resorts PJSC (DU:DUBA), which rose 2.54% or 0.030 points to trade at 1.210 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) added 1.90% or 0.100 points to end at 5.360 and AJMAN BANK PJSC (DU:AJBNK) was up 1.02% or 0.020 points to 1.990 in late trade.

Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 7.69% or 0.150 points to trade at 1.800 in late trade. National Cement Company P.S.C. (DU:NCC) declined 2.44% or 0.100 points to end at 4.000 and Marka Pjse (DU:MARKA) shed 1.54% or 0.02 points to 1.28.

The top performers on the ADX General were Methaq (AD:METH) which rose 8.70% to 0.750, Ad Natl Energy (AD:TAQA) which was up 7.46% to settle at 0.720 and Rak Ceramics (AD:RKCE) which gained 6.71% to close at 3.50.

The worst performers were Waha Capital (AD:WAHA) which was down 1.21% to 2.45 in late trade, Agthia Group (AD:AGTH) which lost 1.10% to settle at 7.21 and Gulf Cement Co (AD:GCEM) which was down 0.97% to 1.03 at the close.

Declining stocks outnumbered rising ones by 15 to 12 and 1 ended unchanged; on the Abu Dhabi, 14 rose and 5 declined, while 4 ended unchanged on the Dubai Stock Exchange.

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In commodities trading, Crude oil for August delivery was up 0.06% or 0.03 to $52.81 a barrel. Meanwhile, Brent oil for delivery in August unchanged 0.00% or 0.00 to hit $59.00 a barrel, while the August Gold contract rose 0.29% or 3.40 to trade at $1162.60 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 1.13% to 4.1000.

The US Dollar Index was down 0.73% at 95.96.

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