United Arab Emirates shares higher at close of trade; DFM General up 0.36%

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United Arab Emirates shares higher at close of trade; DFM General up 0.36%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.36%, while the ADX General index added 0.50%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 9.43% or 0.100 points to trade at 1.160 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 3.05% or 0.020 points to end at 0.675 and ARAMEX PJSC (DU: ARMX ) was up 2.09% or 0.090 points to 4.400 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 10.00% or 0.260 points to trade at 2.340 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 2.57% or 0.009 points to end at 0.341 and Union Properties PJSC (DU: UPRO ) shed 1.71% or 0.012 points to 0.691.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 13.21% to 1.200, International Holding Company PJSC (AD: IHC ) which was up 5.98% to settle at 1.24 and Ad Commercial (AD: ADCB ) which gained 2.29% to close at 7.16.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 8.33% to 0.5500 in late trade, Union Natl Bk (AD: UNB ) which lost 3.95% to settle at 3.650 and Ad Natl Energy (AD: TAQA ) which was down 2.46% to 1.190 at the close.

Declining stocks outnumbered rising ones by 16 to 14 and 8 ended unchanged; on the Abu Dhabi, 10 rose and 7 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.05% or 0.71 to $68.54 a barrel. Meanwhile, Brent oil for delivery in November unchanged 0.00% or 0.00 to hit $76.13 a barrel, while the December Gold Futures contract rose 1.53% or 18.30 to trade at $1212.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.68% to 4.2691.

The US Dollar Index Futures was down 0.49% at 95.08.

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