United Arab Emirates shares higher at close of trade; DFM General up 0.07%

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United Arab Emirates shares higher at close of trade; DFM General up 0.07%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Banking , Services and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.07% to hit a new 1-month high, while the ADX General index gained 0.62%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 8.11% or 6.00 points to trade at 80.00 at the close. Dubai Islamic Bank (DU: DISB ) added 1.14% or 0.070 points to end at 6.190 and Air Arabia PJSC (DU: AIRA ) was up 0.89% or 0.010 points to 1.130 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 4.35% or 0.090 points to trade at 1.980 in late trade. Marka Pjse (DU: MARKA ) declined 2.01% or 0.01 points to end at 0.73 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 1.59% or 0.015 points to 0.931.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 14.62% to 2.43, Dana Gas (AD: DANA ) which was up 2.47% to settle at 0.830 and Gulf Cement Co (AD: GCEM ) which gained 2.00% to close at 1.0200.

The worst performers were Ad Aviation (AD: ADAV ) which was down 8.00% to 2.760 in late trade, Rak Ceramics (AD: RKCE ) which lost 6.32% to settle at 2.370 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 4.26% to 0.450 at the close.

Declining stocks outnumbered rising ones by 23 to 7 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.93% or 0.46 to $49.76 a barrel. Meanwhile, Brent oil for delivery in November rose 0.91% or 0.50 to hit $55.66 a barrel, while the December Gold Futures contract rose 0.03% or 0.37 to trade at $1328.37 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.10% to 4.3699.

The US Dollar Index Futures was down 0.09% at 92.31.

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