United Arab Emirates shares higher at close of trade; DFM General up 0.75%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.75%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.75% to hit a new 1-month high, while the ADX General index added 0.07%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 5.79% or 0.110 points to trade at 2.010 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 2.88% or 0.040 points to end at 1.430 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 2.56% or 0.100 points to 4.000 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 6.67% or 0.200 points to trade at 2.800 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 1.55% or 0.030 points to end at 1.900 and Emirates NBD PJSC (DU: ENBD ) shed 1.20% or 0.100 points to 8.200.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 2.70% to 0.760, Eshraq Properties Co PJSC (AD: ESHR ) which was up 2.56% to settle at 0.8000 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 2.17% to close at 0.470.

The worst performers were Natl Bk Of Rak (AD: RAKB ) which was down 3.03% to 4.80 in late trade, Bank Of Sharja (AD: BOS ) which lost 1.57% to settle at 1.250 and Union Cement (AD: UCC ) which was down 1.56% to 1.260 at the close.

Advancing stocks outnumbered falling ones by 26 to 8 and 5 ended unchanged; on the Abu Dhabi, 10 rose and 9 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 1.36% or 0.71 to $51.33 a barrel. Meanwhile, Brent oil for delivery in December fell 1.39% or 0.81 to hit $57.34 a barrel, while the December Gold Futures contract rose 0.46% or 5.92 to trade at $1288.92 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.34% to 4.3447.

The US Dollar Index Futures was down 0.23% at 93.09.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search