United Arab Emirates shares higher at close of trade; DFM General up 1.07%

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

At the close in Dubai, the DFM General gained 1.07% to hit a new 3-month high, while the ADX General index climbed 0.89%.

The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU: EMAR ), which rose 3.76% or 0.250 points to trade at 6.900 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 3.52% or 0.071 points to end at 2.080 and Dubai Financial Market PJSC (DU: DFM ) was up 1.97% or 0.030 points to 1.550 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 5.46% or 0.130 points to trade at 2.250 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 1.96% or 0.020 points to end at 1.000 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.63% or 0.009 points to 0.544.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 11.94% to 2.25, Finance House (AD: FH ) which was up 7.33% to settle at 2.05 and Rak Ceramics (AD: RKCE ) which gained 5.94% to close at 3.39.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 6.73% to 2.77 in late trade, Abd Nat Takafu (AD: TKFL ) which lost 4.54% to settle at 5.05 and Natl Bk Of Rak (AD: RAKB ) which was down 2.82% to 5.85 at the close.

Advancing stocks outnumbered falling ones by 15 to 14 and 3 ended unchanged; on the Abu Dhabi, 19 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.05% or 0.02 to $44.20 a barrel. Meanwhile, Brent oil for delivery in June rose 0.17% or 0.08 to hit $45.88 a barrel, while the June Gold contract rose 0.47% or 5.90 to trade at $1260.30 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.14% to 4.1545.

The US Dollar Index was down 0.15% at 94.40.