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

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

At the close in Dubai, the DFM General added 0.55%, while the ADX General index climbed 0.20%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 14.94% or 0.115 points to trade at 0.885 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 8.58% or 0.060 points to end at 0.759 and Islamic Arab Insurance Company (DU: SALAMA ) was up 5.46% or 0.022 points to 0.425 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 1.41% or 0.004 points to trade at 0.280 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 0.79% or 0.010 points to end at 1.260 and National Central Cooling Co. (DU: TABR ) shed 0.57% or 0.010 points to 1.750.

The top performers on the ADX General were Methaq (AD: METH ) which rose 6.49% to 0.820, Invest Bank AD (AD: INVB ) which was up 3.33% to settle at 2.480 and Dana Gas (AD: DANA ) which gained 2.88% to close at 1.070.

The worst performers were Em Driving Co (AD: DRIV ) which was down 8.11% to 6.80 in late trade, Sharjah Islami (AD: SIB ) which lost 2.44% to settle at 1.200 and International Holding Company PJSC (AD: IHC ) which was down 2.26% to 1.30 at the close.

Advancing stocks outnumbered falling ones by 24 to 7 and 3 ended unchanged; on the Abu Dhabi, 16 rose and 10 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.33% or 0.23 to $70.56 a barrel. Meanwhile, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.12% to 4.2919.

The US Dollar Index Futures was down 0.14% at 94.44.