United Arab Emirates shares higher at close of trade; DFM General up 0.58%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.58%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.58%, while the ADX General index climbed 0.76%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which rose 9.68% or 0.300 points to trade at 3.400 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 6.11% or 0.028 points to end at 0.486 and ARAMEX PJSC (DU: ARMX ) was up 3.29% or 0.140 points to 4.400 in late trade.

Biggest losers included Emirate Integrated Telecom Co PJSC (DU: DU ), which lost 4.80% or 0.240 points to trade at 4.760 in late trade. Marka Pjse (DU: MARKA ) declined 2.92% or 0.01 points to end at 0.47 and Air Arabia PJSC (DU: AIRA ) shed 0.87% or 0.010 points to 1.140.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD: NBF ) which rose 12.83% to 2.99, Ad Aviation (AD: ADAV ) which was up 6.92% to settle at 3.090 and Ad Natl Energy (AD: TAQA ) which gained 6.67% to close at 0.800.

The worst performers were Ad Islamic Bk (AD: ADIB ) which was down 7.94% to 3.710 in late trade, Invest Bank AD (AD: INVB ) which lost 4.00% to settle at 2.400 and Aldar Properti (AD: ALDR ) which was down 3.62% to 2.130 at the close.

Advancing stocks outnumbered falling ones by 26 to 7 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.11% or 0.07 to $64.31 a barrel. Meanwhile, Brent oil for delivery in June fell 0.55% or 0.38 to hit $68.38 a barrel, while the April Gold Futures contract rose 0.15% or 2.00 to trade at $1326.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.09% to 4.5248.

The US Dollar Index Futures was down 0.09% at 89.68.

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