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United Arab Emirates shares higher at close of trade; DFM General up 0.22%

Published 28-06-2018, 04:45 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.22%
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Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Consumer Staples, Insurance and Banking sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.22%, while the ADX General index gained 0.34%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 10.05% or 0.190 points to trade at 2.080 at the close. Union Properties PJSC (DU:UPRO) added 9.31% or 0.067 points to end at 0.787 and Commercial Bank of Dubai P.S.C. (DU:CBD) was up 5.00% or 0.200 points to 4.200 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 6.33% or 0.042 points to trade at 0.622 in late trade. Damac Properties Dubai Co PSC (DU:DAMAC) declined 5.09% or 0.110 points to end at 2.050 and Takaful House (DU:DTKF) shed 3.66% or 0.023 points to 0.606.

The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 14.36% to 2.230, Union Insurance Co PSC (AD:UNIN) which was up 13.41% to settle at 2.03 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 7.14% to close at 0.6000.

The worst performers were United Arab Bk (AD:UAB) which was down 9.68% to 1.120 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which lost 8.77% to settle at 0.520 and Al Khaleej Investment Co PJSC (AD:KICO) which was down 6.98% to 2.00 at the close.

Advancing stocks outnumbered falling ones by 20 to 17 and 2 ended unchanged; on the Abu Dhabi, 16 rose and 11 declined, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.01% or 0.01 to $72.77 a barrel. Meanwhile, Brent oil for delivery in September rose 0.48% or 0.37 to hit $77.83 a barrel, while the August Gold Futures contract fell 0.18% or 2.30 to trade at $1253.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.26% to 4.2561.

The US Dollar Index Futures was down 0.14% at 94.89.

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