United Arab Emirates shares higher at close of trade; DFM General up 0.15%

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United Arab Emirates shares higher at close of trade; DFM General up 0.15%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.15%, while the ADX General index climbed 0.35%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 3.45% or 0.050 points to trade at 1.500 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 3.00% or 0.019 points to end at 0.652 and ARAMEX PJSC (DU: ARMX ) was up 2.35% or 0.100 points to 4.350 in late trade.

Biggest losers included Oman Insurance Company P.S.C. (DU: OIC ), which lost 5.56% or 0.100 points to trade at 1.700 in late trade. Dubai Investments PJSC (DU: DINV ) declined 1.98% or 0.050 points to end at 2.480 and Emaar Development PJSC (DU: EMAARDEV ) shed 1.39% or 0.080 points to 5.660.

The top performers on the ADX General were Emirates Ins C (AD: EIC ) which rose 14.49% to 7.90, Union Cement (AD: UCC ) which was up 9.66% to settle at 1.590 and Rak Ceramics (AD: RKCE ) which gained 5.36% to close at 2.750.

The worst performers were Al Khaleej Investment Co PJSC (AD: KICO ) which was down 9.09% to 2.00 in late trade, Rak Properties (AD: RPRO ) which lost 4.88% to settle at 0.780 and Agthia Group (AD: AGTH ) which was down 2.20% to 4.45 at the close.

Advancing stocks outnumbered falling ones by 17 to 15 and 9 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.72% or 0.47 to $66.08 a barrel. Meanwhile, Brent oil for delivery in March rose 0.44% or 0.31 to hit $70.84 a barrel, while the February Gold Futures contract rose 0.18% or 2.50 to trade at $1358.80 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.08% to 4.5594.

The US Dollar Index Futures was down 0.12% at 88.91.

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