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.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or