United Arab Emirates shares higher at close of trade; DFM General up 0.46%

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United Arab Emirates shares higher at close of trade; DFM General up 0.46%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.46%, while the ADX General index gained 0.31%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 4.74% or 0.220 points to trade at 4.860 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 4.66% or 0.029 points to end at 0.651 and Amanat Holdings PJSC (DU: AMANT ) was up 1.56% or 0.020 points to 1.300 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.54% or 0.030 points to trade at 1.150 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.72% or 0.020 points to end at 1.140 and Drake & Scull International PJSC (DU: DSI ) shed 1.69% or 0.030 points to 1.740.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 4.69% to 0.670, Ad Natl Energy (AD: TAQA ) which was up 1.67% to settle at 0.610 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 1.54% to close at 0.6600.

The worst performers were Gulf Cement Co (AD: GCEM ) which was down 6.06% to 0.9300 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 2.67% to settle at 0.7300 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 2.33% to 0.420 at the close.

Declining stocks outnumbered rising ones by 15 to 15 and 8 ended unchanged; on the Abu Dhabi, 14 rose and 9 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.07% or 0.04 to $57.98 a barrel. Meanwhile, Brent oil for delivery in January fell 0.28% or 0.18 to hit $63.14 a barrel, while the December Gold Futures contract rose 0.02% or 0.25 to trade at $1292.45 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.24% to 4.3523.

The US Dollar Index Futures was down 0.14% at 93.02.

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