UAE Stocks mixed at close of trade; DFM General Low 0.25 percent and MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai

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UAE stocks were mixed after the close on Thursday, as up in the Telecoms, Services & Insurance sectors led shares higher while losses in the Finance and Investment, Banking and Consumer Staples sectors led shares lower, according to investing.com.

At the close in Dubai, the DFM General down 0.25 percent to hit a new 52-week low, while the ADX General index added 1.73 percent. The best performers of the session on the DFM General were National Central Cooling Co. (DU:TABR), which gain +3.12 percent or 0.050 points to trade at 1.650 at the close. In The Meantime, Air Arabia PJSC (DU:AIRA) added +1.69 percent or 0.020 points to end at 1.200 and Marka Pjse (DU:MARKA) was unchanged 0.86 percent or 0.00 points to 0.47 in late trade.

Shares in UAE Financial Market PJSC (DU:DFM) fell to 52-week lows; down 1.92 percent or 0.020 to 1.020. Shares in Marka Pjse (DU:MARKA) unchanged to all time lows; unchanged 0.86 percent or 0.00 to 0.47. Shares in Ad Natl Energy (AD:TAQA) rose to three-years highs; up 5.88 percent or 0.050 to 0.900.

Crude oil for May delivery was down 0.28 percent or 0.18 to $63.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.21 percent or 0.14 to hit $67.88 a barrel, while the June Gold Futures contract fell 0.52 percent or 7.00 to trade at $1333.20 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.04% to 4.5085. The US Dollar Index Futures was up 0.09% at 89.86.

MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai

Buyers returned to the Saudi Arabian stock market on Wednesday as blue chips attracted interest again after several days of profit-taking that followed FTSE Russell’s decision to upgrade Riyadh to emerging market status, according to Reuters.

The Saudi index was up 0.9% as the energy and banking sectors rose: PetroRabigh climbed 2.0%, Saudi Arabian Refineries jumped 3.0% and mining group Ma’aden gained 1.7%. Al Rajhi Bank added 1.0%.

Loss-making Saudi Arabian home furnishings maker Al Sorayai Trading surged 7.3%, rising in unusually heavy trade for a fourth straight day. The company stated chief executive Waiel bin Saad al-Rashid had resigned for personal reasons, and a replacement would be reported later.

Jose has a wide look on Dubai Updates and news events. He is an entrepreneur and a writer. he is A travel Lover he has been to dubai for serveral times. Jose has done its MBA in 1999 from U.S. National University. jose is a fond of travelling and he has been wrting for dubai blogs since 2009.

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