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United Arab Emirates shares higher at close of trade; DFM General up 0.55%

Published 2018/07/15, 13:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.55%
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Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Insurance, Consumer Staples and Telecoms sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.55%, while the ADX General index added 0.20%.

The biggest gainers of the session on the DFM General were Takaful House (DU:DTKF), which rose 14.94% or 0.115 points to trade at 0.885 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 8.58% or 0.060 points to end at 0.759 and Islamic Arab Insurance Company (DU:SALAMA) was up 5.46% or 0.022 points to 0.425 in late trade.

Biggest losers included Gulf General Investments Company (DU:GGIC), which lost 1.41% or 0.004 points to trade at 0.280 in late trade. Amanat Holdings PJSC (DU:AMANT) declined 0.79% or 0.010 points to end at 1.260 and National Central Cooling Co. (DU:TABR) shed 0.57% or 0.010 points to 1.750.

The top performers on the ADX General were Methaq (AD:METH) which rose 6.49% to 0.820, Invest Bank AD (AD:INVB) which was up 3.33% to settle at 2.480 and Dana Gas (AD:DANA) which gained 2.88% to close at 1.070.

The worst performers were Em Driving Co (AD:DRIV) which was down 8.11% to 6.80 in late trade, Sharjah Islami (AD:SIB) which lost 2.44% to settle at 1.200 and International Holding Company PJSC (AD:IHC) which was down 2.26% to 1.30 at the close.

Advancing stocks outnumbered falling ones by 24 to 7 and 3 ended unchanged; on the Abu Dhabi, 16 rose and 10 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.33% or 0.23 to $70.56 a barrel. Meanwhile, Brent oil for delivery in September rose 0.55% or 0.41 to hit $74.86 a barrel, while the August Gold Futures contract fell 0.39% or 4.80 to trade at $1241.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.12% to 4.2919.

The US Dollar Index Futures was down 0.14% at 94.44.

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