United Arab Emirates stocks mixed at close of trade; DFM General up 0.05%

© Reuters.  United Arab Emirates stocks mixed at close of trade; DFM General up 0.05%© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General up 0.05%

Investing.com – United Arab Emirates stocks were mixed after the close on Wednesday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower.

At the close in Dubai, the gained 0.05% to hit a new 1-month high, while the index declined 0.37%.

The best performers of the session on the were Marka Pjse (DU:), which rose 1.64% or 0.01 points to trade at 0.74 at the close. Meanwhile, National Central Cooling Co. (DU:) added 1.44% or 0.030 points to end at 2.110 and Amanat Holdings PJSC (DU:) was up 0.89% or 0.010 points to 1.130 in late trade.

The worst performers of the session were Amlak Finance PJSC (DU:), which fell 2.63% or 0.030 points to trade at 1.110 at the close. Gulf General Investments Company (DU:) declined 1.34% or 0.005 points to end at 0.368 and Arabtec Holding PJSC (DU:) was down 1.30% or 0.040 points to 3.040.

The top performers on the ADX General were Gulf Pharm Ind (AD:) which rose 9.58% to 2.630, Ad Aviation (AD:) which was up 7.14% to settle at 3.000 and Ad Natl Ins Co (AD:) which gained 3.90% to close at 4.000.

The worst performers were Commercial Bank International (AD:) which was down 10.00% to 0.900 in late trade, Gulf Cement Co (AD:) which lost 2.91% to settle at 1.0000 and Sharjah Cement AD (AD:) which was down 2.78% to 1.050 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 13 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 9 advanced, while 7 ended unchanged.

Shares in Gulf Pharm Ind (AD:) rose to 52-week highs; gaining 9.58% or 0.230 to 2.630. Shares in Commercial Bank International (AD:) fell to 3-years lows; down 10.00% or 0.100 to 0.900. Shares in Ad Natl Ins Co (AD:) rose to 52-week highs; rising 3.90% or 0.150 to 4.000.

Crude oil for October delivery was up 0.89% or 0.43 to $ 48.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.64% or 0.35 to hit $ 54.62 a barrel, while the December Gold Futures contract rose 0.42% or 5.57 to trade at $ 1338.27 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.17% to 4.4025.

The US Dollar Index Futures was down 0.14% at 91.76.

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