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United Arab Emirates shares higher at close of trade; DFM General up 1.02%

Stock MarketsNov 09, 2017 16:45
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© Reuters. United Arab Emirates shares higher at close of trade; DFM General up 1.02%

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

At the close in Dubai, the DFM General added 1.02%, while the ADX General index gained 0.16%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 5.82% or 3.85 points to trade at 69.95 at the close. Damac Properties Dubai Co PSC (DU:DAMAC) added 4.97% or 0.170 points to end at 3.590 and Deyaar Development PJSC (DU:DEYR) was up 4.00% or 0.019 points to 0.494 in late trade.

Biggest losers included Emirates NBD PJSC (DU:ENBD), which lost 2.74% or 0.230 points to trade at 8.150 in late trade. Arabtec Holding PJSC (DU:ARTC) declined 1.10% or 0.030 points to end at 2.700 and Islamic Arab Insurance Company (DU:SALAMA) shed 0.99% or 0.005 points to 0.500.

The top performers on the ADX General were Green Crs Ins (AD:GCIC) which rose 12.82% to 0.880, Abu Dhabi National Hotels Co (AD:ADNH) which was up 9.26% to settle at 2.95 and Invest Bank AD (AD:INVB) which gained 5.93% to close at 2.500.

The worst performers were Natl Bk Of Rak (AD:RAKB) which was down 4.00% to 4.80 in late trade, Ad Natl Energy (AD:TAQA) which lost 3.08% to settle at 0.630 and Rak Cement Co (AD:RKCC) which was down 2.94% to 0.660 at the close.

Advancing stocks outnumbered falling ones by 22 to 10 and 8 ended unchanged; on the Abu Dhabi, 17 rose and 7 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.32% or 0.18 to $56.99 a barrel. Meanwhile, Brent oil for delivery in January rose 0.39% or 0.25 to hit $63.74 a barrel, while the December Gold Futures contract rose 0.15% or 1.93 to trade at $1285.63 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.13% to 4.2644.

The US Dollar Index Futures was down 0.11% at 94.67.

United Arab Emirates shares higher at close of trade; DFM General up 1.02%
 

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