Monday, November 20, 2017

© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General down 0.07%© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.07%

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

At the close in Dubai, the DFM General declined 0.07%, while the ADX General index climbed 0.11%.

The best performers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 6.07% or 0.032 points to trade at 0.559 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 4.82% or 3.40 points to end at 73.90 and Deyaar Development PJSC (DU:DEYR) was up 3.48% or 0.018 points to 0.535 in late trade.

The worst performers of the session were DXB Entertainments (P.J.S.C.) (DU:DXBE), which fell 2.28% or 0.018 points to trade at 0.771 at the close. Dubai Islamic Bank (DU:DISB) declined 0.81% or 0.050 points to end at 6.130 and Dubai Investments PJSC (DU:DINV) was down 0.80% or 0.020 points to 2.480.

The top performers on the ADX General were Finance House (AD:FH) which rose 12.50% to 1.800, Gulf Cement Co (AD:GCEM) which was up 4.00% to settle at 1.0400 and Aldar Properti (AD:ALDR) which gained 2.88% to close at 2.500.

The worst performers were Arkan Building Materials Co PJSC (AD:ARKN) which was down 5.56% to 0.6800 in late trade, Al Khaleej Investment Co PJSC (AD:KICO) which lost 5.41% to settle at 3.50 and Rak Cement Co (AD:RKCC) which was down 3.85% to 0.750 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 20 to 10 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 10 ended unchanged.

Crude oil for November delivery was up 0.62% or 0.32 to $51.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 1.00% or 0.57 to hit $57.74 a barrel, while the December Gold Futures contract rose 0.13% or 1.71 to trade at $1306.31 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.04% to 4.3406.

The US Dollar Index Futures was up 0.06% at 92.98.

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