United Arab Emirates shares higher at close of trade; DFM General up 0.26%

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United Arab Emirates shares higher at close of trade; DFM General up 0.26%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.26%, while the ADX General index gained 0.34%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 3.92% or 0.026 points to trade at 0.690 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 3.41% or 0.014 points to end at 0.424 and Islamic Arab Insurance Company (DU: SALAMA ) was up 2.91% or 0.013 points to 0.460 in late trade.

Biggest losers included Union Properties PJSC (DU: UPRO ), which lost 2.05% or 0.017 points to trade at 0.812 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 2.00% or 0.040 points to end at 1.960 and Drake & Scull International PJSC (DU: DSI ) shed 1.67% or 0.020 points to 1.180.

The top performers on the ADX General were Methaq (AD: METH ) which rose 6.76% to 0.790, National Takaful Co PJSC (AD: WATA ) which was up 5.88% to settle at 0.54 and Ad Shipbldg Co (AD: ADSB ) which gained 5.53% to close at 2.100.

The worst performers were Sharjah Cement AD (AD: SCID ) which was down 6.54% to 1.000 in late trade, United Arab Bk (AD: UAB ) which lost 5.52% to settle at 1.370 and International Holding Company PJSC (AD: IHC ) which was down 3.57% to 1.35 at the close.

Advancing stocks outnumbered falling ones by 24 to 12 and 3 ended unchanged; on the Abu Dhabi, 11 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.28% or 0.92 to $70.92 a barrel. Meanwhile, Brent oil for delivery in July fell 1.23% or 0.98 to hit $78.82 a barrel, while the June Gold Futures contract rose 0.48% or 6.20 to trade at $1295.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.15% to 4.3027.

The US Dollar Index Futures was down 0.15% at 93.77.

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