United Arab Emirates shares higher at close of trade; DFM General up 0.83%

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United Arab Emirates shares higher at close of trade; DFM General up 0.83%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Finance & Investment , Services and Banking sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.83%, while the ADX General index added 0.08%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 12.55% or 0.032 points to trade at 0.287 at the close. Drake & Scull International PJSC (DU: DSI ) added 4.63% or 0.050 points to end at 1.130 and SHUAA Capital PSC (DU: SHUA ) was up 3.77% or 0.040 points to 1.100 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 3.17% or 0.060 points to trade at 1.830 in late trade. ARAMEX PJSC (DU: ARMX ) declined 1.75% or 0.070 points to end at 3.920 and Dubai Financial Market PJSC (DU: DFM ) shed 1.55% or 0.015 points to 0.955.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 11.67% to 0.6700, Rak Cement Co (AD: RKCC ) which was up 8.96% to settle at 0.730 and Rak Cmt & Cons (AD: RAKC ) which gained 8.70% to close at 1.000.

The worst performers were Abd Nat Takafu (AD: TKFL ) which was down 9.80% to 4.60 in late trade, Sharjah Cement AD (AD: SCID ) which lost 9.48% to settle at 1.050 and Al Khazna Ins (AD: AKIC ) which was down 8.00% to 0.230 at the close.

Advancing stocks outnumbered falling ones by 26 to 8 and 2 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 1.97% or 1.35 to $69.78 a barrel. Meanwhile, Brent oil for delivery in July rose 1.82% or 1.34 to hit $74.96 a barrel, while the June Gold Futures contract rose 0.22% or 2.90 to trade at $1315.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.23% to 4.3944.

The US Dollar Index Futures was up 0.15% at 92.42.

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