United Arab Emirates shares higher at close of trade; DFM General up 1.81%

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United Arab Emirates shares higher at close of trade; DFM General up 1.81%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 1.81%, while the ADX General index climbed 0.36%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 7.06% or 0.120 points to trade at 1.820 at the close. Emirates NBD PJSC (DU: ENBD ) added 6.15% or 0.550 points to end at 9.500 and Arabtec Holding PJSC (DU: ARTC ) was up 3.76% or 0.070 points to 1.930 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 2.60% or 0.007 points to trade at 0.262 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 1.96% or 0.020 points to end at 1.000 and Deyaar Development PJSC (DU: DEYR ) shed 1.15% or 0.005 points to 0.431.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 14.50% to 0.979, Abu Dhabi National Hotels Co (AD: ADNH ) which was up 6.90% to settle at 3.10 and Nat Bk Qaiwain (AD: NBQ ) which gained 6.12% to close at 2.60.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.24% to 1.080 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 9.09% to settle at 2.000 and Natl Bk Of Rak (AD: RAKB ) which was down 3.06% to 4.12 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 5 ended unchanged; on the Abu Dhabi, 17 rose and 12 declined, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.92% or 0.66 to $72.23 a barrel. Meanwhile, Brent oil for delivery in December rose 0.62% or 0.50 to hit $81.29 a barrel, while the December Gold Futures contract fell 0.01% or 0.10 to trade at $1199.00 a troy ounce.

USD/AED was up 0.00% to 3.6733, while EUR/AED fell 0.26% to 4.3024.

The US Dollar Index Futures was up 0.27% at 94.13.

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