Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks mixed at close of trade; DFM General down 1.78%

Published 03/22/2018, 07:15 AM
Updated 03/22/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 1.78%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 1.78%

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

At the close in Dubai, the DFM General fell 1.78% to hit a new 52-week low, while the ADX General index added 0.24%.

The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 1.55% or 0.020 points to trade at 1.310 at the close. Meanwhile, Gulf General Investments Company (DU:GGIC) added 1.18% or 0.004 points to end at 0.343 and AJMAN BANK PJSC (DU:AJBNK) was up 0.93% or 0.010 points to 1.090 in late trade.

The worst performers of the session were Emirates Refreshments Company (DU:ERC), which fell 9.86% or 0.360 points to trade at 3.290 at the close. Air Arabia PJSC (DU:AIRA) declined 9.30% or 0.120 points to end at 1.170 and Mashreqbank PSC (DU:MASB) was down 9.09% or 7.00 points to 70.00.

The top performers on the ADX General were Dana Gas (AD:DANA) which rose 12.00% to 0.840, National Marine Dredging PSC (AD:NMDC) which was up 9.37% to settle at 3.500 and Ad Natl Energy (AD:TAQA) which gained 6.94% to close at 0.770.

The worst performers were Foodco Holding PJSC (AD:FOOD) which was down 10.00% to 4.77 in late trade, United Arab Bk (AD:UAB) which lost 10.00% to settle at 1.440 and Ad Commercial (AD:ADCB) which was down 6.22% to 6.63 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 32 to 6 and 3 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined, while 5 ended unchanged.

Shares in Emirates Refreshments Company (DU:ERC) fell to 5-year lows; falling 9.86% or 0.360 to 3.290. Shares in Dana Gas (AD:DANA) rose to 3-years highs; gaining 12.00% or 0.090 to 0.840. Shares in Ad Commercial (AD:ADCB) fell to 52-week lows; losing 6.22% or 0.44 to 6.63.

Crude oil for May delivery was down 0.14% or 0.09 to $65.08 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.23% or 0.16 to hit $69.31 a barrel, while the April Gold Futures contract rose 0.66% or 8.70 to trade at $1330.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.23% to 4.5235.

The US Dollar Index Futures was unchanged 0.00% at 89.28.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.