United Arab Emirates shares higher at close of trade; DFM General up 1.89%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 1.89%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.89%, while the ADX General index gained 1.05%.

The biggest gainers of the session on the DFM General were Dubai Islamic Bank (DU: DISB ), which rose 5.85% or 0.280 points to trade at 5.070 at the close. Dubai Investments PJSC (DU: DINV ) added 3.00% or 0.060 points to end at 2.060 and Amlak Finance PJSC (DU: AMLK ) was up 2.71% or 0.021 points to 0.796 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 2.78% or 0.012 points to trade at 0.419 in late trade. National Central Cooling Co. (DU: TABR ) declined 1.75% or 0.030 points to end at 1.680 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.16% or 0.005 points to 0.425.

The top performers on the ADX General were Emirates Ins C (AD: EIC ) which rose 7.69% to 7.00, Rak Cement Co (AD: RKCC ) which was up 5.80% to settle at 0.730 and International Holding Company PJSC (AD: IHC ) which gained 3.82% to close at 1.36.

The worst performers were Dana Gas (AD: DANA ) which was down 2.70% to 1.080 in late trade, Bank Of Sharja (AD: BOS ) which lost 2.65% to settle at 1.100 and Union Natl Bk (AD: UNB ) which was down 2.47% to 3.560 at the close.

Advancing stocks outnumbered falling ones by 15 to 14 and 9 ended unchanged; on the Abu Dhabi, 16 rose and 6 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.67% or 0.46 to $67.75 a barrel. Meanwhile, Brent oil for delivery in August fell 0.24% or 0.19 to hit $77.53 a barrel, while the June Gold Futures contract rose 0.26% or 3.40 to trade at $1304.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.19% to 4.2930.

The US Dollar Index Futures was down 0.21% at 93.86.

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