United Arab Emirates shares higher at close of trade; DFM General up 0.95%

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United Arab Emirates shares higher at close of trade; DFM General up 0.95%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.95%, while the ADX General index gained 0.52%.

The biggest gainers of the session on the DFM General were Dubai Islamic Bank (DU: DISB ), which rose 3.51% or 0.190 points to trade at 5.600 at the close. Emaar Properties PJSC (DU: EMAR ) added 2.94% or 0.170 points to end at 5.960 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 1.94% or 0.060 points to 3.160 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 5.17% or 0.090 points to trade at 1.650 in late trade. Deyaar Development PJSC (DU: DEYR ) declined 2.75% or 0.014 points to end at 0.496 and ARAMEX PJSC (DU: ARMX ) shed 2.55% or 0.110 points to 4.210.

The top performers on the ADX General were Union Insurance Co PSC (AD: UNIN ) which rose 15.00% to 1.38, Gulf Pharm Ind (AD: GPHI ) which was up 9.52% to settle at 2.300 and Aldar Properti (AD: ALDR ) which gained 4.65% to close at 2.250.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 2.78% to 0.7000 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 2.67% to settle at 0.7300 and Sharjah Cement AD (AD: SCID ) which was down 1.82% to 1.080 at the close.

Declining stocks outnumbered rising ones by 23 to 10 and 7 ended unchanged; on the Abu Dhabi, 15 rose and 9 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.51% or 0.31 to $61.27 a barrel. Meanwhile, Brent oil for delivery in May rose 0.40% or 0.26 to hit $65.15 a barrel, while the April Gold Futures contract fell 0.18% or 2.40 to trade at $1323.20 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.09% to 4.5393.

The US Dollar Index Futures was up 0.02% at 89.77.

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