United Arab Emirates shares higher at close of trade; DFM General up 0.55%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.55%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.55%, while the ADX General index gained 0.56%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 9.60% or 0.092 points to trade at 1.050 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 6.08% or 0.040 points to end at 0.698 and Arabtec Holding PJSC (DU: ARTC ) was up 3.96% or 0.080 points to 2.100 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 5.85% or 0.120 points to trade at 1.930 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 1.45% or 0.020 points to end at 1.360 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.01% or 0.010 points to 0.980.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 14.94% to 1.000, Eshraq Properties Co PJSC (AD: ESHR ) which was up 4.29% to settle at 0.7300 and Ad Shipbldg Co (AD: ADSB ) which gained 2.93% to close at 2.110.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 10.00% to 0.720 in late trade, Nat Bk Qaiwain (AD: NBQ ) which lost 9.49% to settle at 2.67 and Sharjah Cement AD (AD: SCID ) which was down 7.56% to 1.100 at the close.

Advancing stocks outnumbered falling ones by 25 to 12 and 1 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.59% or 0.40 to $68.45 a barrel. Meanwhile, Brent oil for delivery in June rose 0.76% or 0.56 to hit $74.56 a barrel, while the June Gold Futures contract rose 0.29% or 3.80 to trade at $1326.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.18% to 4.4750.

The US Dollar Index Futures was down 0.16% at 90.88.

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