United Arab Emirates shares higher at close of trade; DFM General up 0.67%

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United Arab Emirates shares higher at close of trade; DFM General up 0.67%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.67%, while the ADX General index gained 0.20%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 8.77% or 0.079 points to trade at 0.980 at the close. Amanat Holdings PJSC (DU: AMANT ) added 4.03% or 0.050 points to end at 1.290 and SHUAA Capital PSC (DU: SHUA ) was up 3.92% or 0.040 points to 1.060 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 4.83% or 0.100 points to trade at 1.970 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.09% or 0.011 points to end at 0.999 and Emaar Malls (DU: EMAA ) shed 0.47% or 0.010 points to 2.100.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 8.42% to 1.030, Eshraq Properties Co PJSC (AD: ESHR ) which was up 4.92% to settle at 0.6400 and Gulf Cement Co (AD: GCEM ) which gained 4.17% to close at 1.0000.

The worst performers were Commercial Bank International (AD: CBI ) which was down 9.88% to 0.730 in late trade, National Takaful Co PJSC (AD: WATA ) which lost 9.59% to settle at 0.66 and Rak Ceramics (AD: RKCE ) which was down 2.44% to 2.400 at the close.

Advancing stocks outnumbered falling ones by 24 to 7 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 11 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.51% or 0.38 to $74.52 a barrel. Meanwhile, Brent oil for delivery in September rose 0.13% or 0.10 to hit $78.34 a barrel, while the August Gold Futures contract rose 0.01% or 0.10 to trade at $1253.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.32% to 4.2952.

The US Dollar Index Futures was down 0.14% at 94.06.

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