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United Arab Emirates shares higher at close of trade; DFM General up 0.44%

Published 2018/08/22, 13:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.44%

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

At the close in Dubai, the DFM General added 0.44%, while the ADX General index unchanged 0.00%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 3.30% or 0.030 points to trade at 0.940 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) added 2.34% or 0.008 points to end at 0.350 and Emirates NBD PJSC (DU:ENBD) was up 2.25% or 0.200 points to 9.100 in late trade.

Biggest losers included Amanat Holdings PJSC (DU:AMANT), which lost 8.62% or 0.100 points to trade at 1.060 in late trade. Emirate Integrated Telecom Co PJSC (DU:DU) declined 1.36% or 0.070 points to end at 5.060 and Amlak Finance PJSC (DU:AMLK) shed 1.21% or 0.008 points to 0.654.

The top performers on the ADX General were Sharjah Group Co (AD:SG) which unchanged 0.00% to 1.30, Finance House (AD:FH) which was unchanged 0.00% to settle at 1.680 and Emirates Ins C (AD:EIC) which unchanged 0.00% to close at 7.20.

The worst performers were Sharjah Group Co (AD:SG) which was unchanged 0.00% to 1.30 in late trade, Finance House (AD:FH) which unchanged 0.00% to settle at 1.680 and Emirates Ins C (AD:EIC) which was unchanged 0.00% to 7.20 at the close.

Declining stocks outnumbered rising ones by 0 to 0; on the Abu Dhabi, 0 fell and 0 advanced on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.64% or 1.08 to $66.92 a barrel. Meanwhile, Brent oil for delivery in October rose 1.69% or 1.23 to hit $73.86 a barrel, while the December Gold Futures contract rose 0.50% or 6.00 to trade at $1206.00 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.37% to 4.2664.

The US Dollar Index Futures was down 0.28% at 94.86.

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