United Arab Emirates shares higher at close of trade; DFM General up 0.17%

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United Arab Emirates shares higher at close of trade; DFM General up 0.17%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services , Consumer Staples and Telecoms sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.17%, while the ADX General index added 0.27%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 4.65% or 0.060 points to trade at 1.350 at the close. SHUAA Capital PSC (DU: SHUA ) added 1.89% or 0.020 points to end at 1.080 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 1.48% or 0.005 points to 0.342 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 2.65% or 0.026 points to trade at 0.954 in late trade. Emaar Development PJSC (DU: EMAARDEV ) declined 1.54% or 0.080 points to end at 5.100 and ARAMEX PJSC (DU: ARMX ) shed 1.44% or 0.060 points to 4.100.

The top performers on the ADX General were Methaq (AD: METH ) which rose 3.95% to 0.790, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 3.45% to settle at 0.6000 and Emirates Telec (AD: ETEL ) which gained 1.81% to close at 16.90.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.90% to 1.820 in late trade, National Bank of Fujairah PJSC (AD: NBF ) which lost 9.73% to settle at 3.06 and Rak Cmt & Cons (AD: RAKC ) which was down 8.93% to 1.020 at the close.

Advancing stocks outnumbered falling ones by 15 to 13 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.33% or 0.97 to $73.91 a barrel. Meanwhile, Brent oil for delivery in September fell 0.34% or 0.26 to hit $77.13 a barrel, while the August Gold Futures contract fell 0.23% or 2.90 to trade at $1255.90 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.48% to 4.3147.

The US Dollar Index Futures was down 0.39% at 93.76.

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