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United Arab Emirates shares higher at close of trade; DFM General up 0.14%

Published 26-07-2018, 04:45 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.14%
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Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Finance & Investment, Insurance and Consumer Staples sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.14% to hit a new 1-month high, while the ADX General index climbed 0.29%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 14.63% or 0.300 points to trade at 2.350 at the close. SHUAA Capital PSC (DU:SHUA) added 1.89% or 0.020 points to end at 1.080 and Dubai Investments PJSC (DU:DINV) was up 1.50% or 0.030 points to 2.030 in late trade.

Biggest losers included Drake & Scull International PJSC (DU:DSI), which lost 6.36% or 0.045 points to trade at 0.663 in late trade. Arabtec Holding PJSC (DU:ARTC) declined 1.94% or 0.040 points to end at 2.020 and Gulf General Investments Company (DU:GGIC) shed 1.79% or 0.005 points to 0.275.

The top performers on the ADX General were Dana Gas (AD:DANA) which rose 3.74% to 1.110, Waha Capital (AD:WAHA) which was up 2.27% to settle at 1.800 and Union Natl Bk (AD:UNB) which gained 1.43% to close at 3.540.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 9.26% to 0.490 in late trade, Ad Natl Energy (AD:TAQA) which lost 4.07% to settle at 1.180 and Rak Cement Co (AD:RKCC) which was down 3.75% to 0.770 at the close.

Advancing stocks outnumbered falling ones by 18 to 14 and 8 ended unchanged; on the Abu Dhabi, 9 fell and 7 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.01% or 0.01 to $69.31 a barrel. Meanwhile, Brent oil for delivery in September rose 0.51% or 0.38 to hit $74.31 a barrel, while the August Gold Futures contract fell 0.34% or 4.20 to trade at $1227.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.19% to 4.3005.

The US Dollar Index Futures was up 0.12% at 94.09.

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