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

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United Arab Emirates shares higher at close of trade; DFM General up 0.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.22% to hit a new 1-month high, while the ADX General index climbed 0.18%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 6.53% or 0.160 points to trade at 2.610 at the close. Amanat Holdings PJSC (DU: AMANT ) added 2.80% or 0.040 points to end at 1.470 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 2.11% or 0.070 points to 3.380 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 2.52% or 0.01 points to trade at 0.58 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 2.13% or 0.050 points to end at 2.300 and Emaar Properties PJSC (DU: EMAR ) shed 1.48% or 0.110 points to 7.300.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 12.86% to 0.7900, Rak Properties (AD: RPRO ) which was up 3.90% to settle at 0.800 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 2.63% to close at 0.7800.

The worst performers were Agthia Group (AD: AGTH ) which was down 3.77% to 4.60 in late trade, Gulf Cement Co (AD: GCEM ) which lost 3.74% to settle at 1.0300 and Waha Capital (AD: WAHA ) which was down 1.52% to 1.940 at the close.

Advancing stocks outnumbered falling ones by 24 to 9 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 8 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.73% or 0.45 to $61.56 a barrel. Meanwhile, Brent oil for delivery in March fell 0.51% or 0.35 to hit $67.72 a barrel, while the February Gold Futures contract fell 0.11% or 1.40 to trade at $1320.20 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.31% to 4.4188.

The US Dollar Index Futures was up 0.16% at 91.75.

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