United Arab Emirates shares higher at close of trade; DFM General up 0.97%

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

At the close in Dubai, the DFM General rose 0.97%, while the ADX General index added 0.14%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU: ENBD ), which rose 13.64% or 1.200 points to trade at 10.000 at the close. Emaar Malls (DU: EMAA ) added 1.89% or 0.040 points to end at 2.160 and Emaar Development PJSC (DU: EMAARDEV ) was up 1.16% or 0.060 points to 5.220 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 6.38% or 0.04 points to trade at 0.54 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 4.06% or 0.032 points to end at 0.757 and Mashreqbank PSC (DU: MASB ) shed 3.75% or 3.00 points to 77.00.

The top performers on the ADX General were Agthia Group (AD: AGTH ) which rose 5.97% to 4.08, Union Cement (AD: UCC ) which was up 3.23% to settle at 1.600 and Dana Gas (AD: DANA ) which gained 2.67% to close at 0.770.

The worst performers were Union Insurance Co PSC (AD: UNIN ) which was down 9.88% to 1.46 in late trade, Commercial Bank International (AD: CBI ) which lost 9.78% to settle at 0.830 and Emirates Ins C (AD: EIC ) which was down 4.00% to 7.20 at the close.

Declining stocks outnumbered rising ones by 22 to 12 and 4 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 3.36% or 2.02 to $62.14 a barrel. Meanwhile, Brent oil for delivery in May rose 3.14% or 2.00 to hit $65.61 a barrel, while the April Gold Futures contract rose 0.17% or 2.30 to trade at $1324.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.05% to 4.5195.

The US Dollar Index Futures was unchanged 0.00% at 90.11.