United Arab Emirates shares higher at close of trade; DFM General up 0.14%

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United Arab Emirates shares higher at close of trade; DFM General up 0.14%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.14% to hit a new 1-month high, while the ADX General index climbed 1.50%.

The biggest gainers of the session on the DFM General were Amlak Finance PJSC (DU: AMLK ), which rose 2.91% or 0.030 points to trade at 1.060 at the close. Gulf General Investments Company (DU: GGIC ) added 2.88% or 0.011 points to end at 0.393 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 2.53% or 0.017 points to 0.690 in late trade.

Biggest losers included Emaar Malls (DU: EMAA ), which lost 2.24% or 0.050 points to trade at 2.180 in late trade. Air Arabia PJSC (DU: AIRA ) declined 1.59% or 0.020 points to end at 1.240 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.59% or 0.020 points to 1.240.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 14.13% to 1.050, Rak Cement Co (AD: RKCC ) which was up 12.70% to settle at 0.710 and Rak Properties (AD: RPRO ) which gained 5.48% to close at 0.770.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 9.30% to 0.780 in late trade, Aldar Properti (AD: ALDR ) which lost 1.32% to settle at 2.250 and International Holding Company PJSC (AD: IHC ) which was down 0.68% to 1.45 at the close.

Advancing stocks outnumbered falling ones by 24 to 10 and 4 ended unchanged; on the Abu Dhabi, 17 rose and 6 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.16% or 0.10 to $61.73 a barrel. Meanwhile, Brent oil for delivery in March fell 0.22% or 0.15 to hit $67.69 a barrel, while the February Gold Futures contract fell 0.35% or 4.60 to trade at $1313.90 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.27% to 4.4249.

The US Dollar Index Futures was down 0.21% at 91.70.

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