United Arab Emirates shares higher at close of trade; DFM General up 1.54%

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United Arab Emirates shares higher at close of trade; DFM General up 1.54%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 1.54%, while the ADX General index gained 1.34%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 8.04% or 0.050 points to trade at 0.672 at the close. Arabtec Holding PJSC (DU: ARTC ) added 7.85% or 0.150 points to end at 2.060 and Amlak Finance PJSC (DU: AMLK ) was up 5.34% or 0.038 points to 0.750 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 7.78% or 0.070 points to trade at 0.830 in late trade. Union Properties PJSC (DU: UPRO ) declined 3.43% or 0.027 points to end at 0.760 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.04% or 0.010 points to 0.950.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD: ESHR ) which rose 6.67% to 0.6400, Gulf Cement Co (AD: GCEM ) which was up 6.38% to settle at 1.0000 and Emirates Telec (AD: ETEL ) which gained 2.48% to close at 16.55.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.82% to 1.010 in late trade, Methaq (AD: METH ) which lost 5.00% to settle at 0.760 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.33% to 0.5800 at the close.

Advancing stocks outnumbered falling ones by 23 to 7 and 4 ended unchanged; on the Abu Dhabi, 11 rose and 5 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.17% or 0.86 to $74.31 a barrel. Meanwhile, Brent oil for delivery in September rose 2.09% or 1.62 to hit $79.23 a barrel, while the August Gold Futures contract rose 0.26% or 3.20 to trade at $1254.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 1.01% to 4.2923.

The US Dollar Index Futures was down 0.81% at 94.23.

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