United Arab Emirates shares higher at close of trade; DFM General up 0.22%

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United Arab Emirates shares higher at close of trade; DFM General up 0.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.22%, while the ADX General index gained 0.34%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 10.05% or 0.190 points to trade at 2.080 at the close. Union Properties PJSC (DU: UPRO ) added 9.31% or 0.067 points to end at 0.787 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 5.00% or 0.200 points to 4.200 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 6.33% or 0.042 points to trade at 0.622 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 5.09% or 0.110 points to end at 2.050 and Takaful House (DU: DTKF ) shed 3.66% or 0.023 points to 0.606.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 14.36% to 2.230, Union Insurance Co PSC (AD: UNIN ) which was up 13.41% to settle at 2.03 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 7.14% to close at 0.6000.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.68% to 1.120 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 8.77% to settle at 0.520 and Al Khaleej Investment Co PJSC (AD: KICO ) which was down 6.98% to 2.00 at the close.

Advancing stocks outnumbered falling ones by 20 to 17 and 2 ended unchanged; on the Abu Dhabi, 16 rose and 11 declined, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.01% or 0.01 to $72.77 a barrel. Meanwhile, Brent oil for delivery in September rose 0.48% or 0.37 to hit $77.83 a barrel, while the August Gold Futures contract fell 0.18% or 2.30 to trade at $1253.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.26% to 4.2561.

The US Dollar Index Futures was down 0.14% at 94.89.

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