United Arab Emirates shares higher at close of trade; DFM General up 0.53%

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United Arab Emirates shares higher at close of trade; DFM General up 0.53%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Finance & Investment , Transport and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.53%, while the ADX General index added 0.22%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 7.92% or 0.080 points to trade at 1.090 at the close. Arabtec Holding PJSC (DU: ARTC ) added 4.60% or 0.120 points to end at 2.730 and Dubai Investments PJSC (DU: DINV ) was up 2.07% or 0.050 points to 2.460 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 6.15% or 0.120 points to trade at 1.830 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 2.22% or 0.200 points to end at 8.800 and Deyaar Development PJSC (DU: DEYR ) shed 1.19% or 0.007 points to 0.580.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 11.58% to 1.060, Methaq (AD: METH ) which was up 6.25% to settle at 0.850 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 3.70% to close at 0.560.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.57% to 1.700 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 7.14% to settle at 3.250 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 2.53% to 0.7700 at the close.

Advancing stocks outnumbered falling ones by 21 to 15 and 4 ended unchanged; on the Abu Dhabi, 10 fell and 10 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.80% or 0.52 to $65.25 a barrel. Meanwhile, Brent oil for delivery in April rose 0.94% or 0.65 to hit $69.54 a barrel, while the April Gold Futures contract fell 0.01% or 0.10 to trade at $1343.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.16% to 4.5669.

The US Dollar Index Futures was down 0.04% at 88.91.

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