United Arab Emirates shares higher at close of trade; DFM General up 0.73%

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  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.73%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.73%, while the ADX General index climbed 0.66%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 2.73% or 0.060 points to trade at 2.260 at the close. Emirate Integrated Telecom Co PJSC (DU: DU ) added 2.41% or 0.120 points to end at 5.100 and ARAMEX PJSC (DU: ARMX ) was up 2.38% or 0.100 points to 4.300 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 2.15% or 0.040 points to trade at 1.820 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 1.63% or 0.020 points to end at 1.210 and Marka Pjse (DU: MARKA ) shed 1.61% or 0.01 points to 0.55.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 10.26% to 2.150, Gulf Cement Co (AD: GCEM ) which was up 5.32% to settle at 0.9900 and National Takaful Co PJSC (AD: WATA ) which gained 4.55% to close at 0.46.

The worst performers were Sharjah Group Co (AD: SG ) which was down 8.00% to 1.15 in late trade, Green Crs Ins (AD: GCIC ) which lost 5.62% to settle at 0.840 and Agthia Group (AD: AGTH ) which was down 3.42% to 4.80 at the close.

Advancing stocks outnumbered falling ones by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 16 rose and 11 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.15% or 0.09 to $59.73 a barrel. Meanwhile, Brent oil for delivery in March rose 0.09% or 0.06 to hit $66.05 a barrel, while the February Gold Futures contract rose 0.26% or 3.40 to trade at $1294.80 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.30% to 4.3821.

The US Dollar Index Futures was down 0.23% at 92.45.

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