United Arab Emirates shares higher at close of trade; DFM General up 0.10%

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United Arab Emirates shares higher at close of trade; DFM General up 0.10%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Consumer Staples , Finance & Investment and Banking sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.10%, while the ADX General index climbed 0.21%.

The biggest gainers of the session on the DFM General were Emaar Malls (DU: EMAA ), which rose 1.88% or 0.040 points to trade at 2.170 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 1.44% or 0.008 points to end at 0.563 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 0.93% or 0.010 points to 1.090 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 7.04% or 0.140 points to trade at 1.850 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 4.46% or 0.050 points to end at 1.070 and Amanat Holdings PJSC (DU: AMANT ) shed 2.74% or 0.040 points to 1.420.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 8.64% to 2.390, Green Crs Ins (AD: GCIC ) which was up 7.95% to settle at 0.950 and Sharjah Cement AD (AD: SCID ) which gained 5.61% to close at 1.130.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 8.79% to 3.01 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 2.70% to settle at 0.7200 and Methaq (AD: METH ) which was down 2.38% to 0.820 at the close.

Declining stocks outnumbered rising ones by 17 to 17 and 6 ended unchanged; on the Abu Dhabi, 14 rose and 12 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.79% or 0.48 to $61.47 a barrel. Meanwhile, Brent oil for delivery in May rose 1.13% or 0.72 to hit $64.55 a barrel, while the April Gold Futures contract rose 1.42% or 18.50 to trade at $1323.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.48% to 4.5270.

The US Dollar Index Futures was down 0.30% at 89.95.

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