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United Arab Emirates shares higher at close of trade; DFM General up 0.03%

Published 24-06-2018, 04:45 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.03%
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Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Finance & Investment, Real Estate & Construction and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.03%, while the ADX General index climbed 0.34%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 3.38% or 0.070 points to trade at 2.140 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 1.03% or 0.010 points to end at 0.980 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 0.87% or 0.020 points to 2.330 in late trade.

Biggest losers included Drake & Scull International PJSC (DU:DSI), which lost 6.54% or 0.070 points to trade at 1.000 in late trade. Gulf General Investments Company (DU:GGIC) declined 3.47% or 0.010 points to end at 0.278 and Takaful House (DU:DTKF) shed 2.67% or 0.018 points to 0.656.

The top performers on the ADX General were Em Driving Co (AD:DRIV) which rose 5.71% to 7.40, Gulf Cement Co (AD:GCEM) which was up 2.17% to settle at 0.9400 and Abu Dhabi National Hotels Co (AD:ADNH) which gained 1.45% to close at 2.79.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 6.90% to 0.540 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 6.05% to settle at 2.020 and Ad Shipbldg Co (AD:ADSB) which was down 3.94% to 1.950 at the close.

Declining stocks outnumbered rising ones by 22 to 11 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 5.66% or 3.71 to $69.25 a barrel. Meanwhile, Brent oil for delivery in September unchanged 0.00% or 0.00 to hit $75.32 a barrel, while the August Gold Futures contract rose 0.05% or 0.60 to trade at $1271.10 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.48% to 4.2831.

The US Dollar Index Futures was down 0.37% at 94.19.

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