United Arab Emirates shares higher at close of trade; DFM General up 1.83%

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United Arab Emirates shares higher at close of trade; DFM General up 1.83%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 1.83%, while the ADX General index added 1.00%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 4.79% or 0.080 points to trade at 1.750 at the close. Dubai Islamic Bank (DU: DISB ) added 2.93% or 0.160 points to end at 5.620 and Emaar Properties PJSC (DU: EMAR ) was up 2.93% or 0.170 points to 5.980 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 9.78% or 0.04 points to trade at 0.41 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 1.14% or 0.020 points to end at 1.730 and Dubai Islamic Insurance Co. (DU: AMAN ) 0.00% or 0.000 points to 0.684.

The top performers on the ADX General were Rak Properties (AD: RPRO ) which rose 3.08% to 0.670, Aldar Properti (AD: ALDR ) which was up 2.91% to settle at 2.120 and Ad Aviation (AD: ADAV ) which gained 2.77% to close at 2.970.

The worst performers were Sharjah Islami (AD: SIB ) which was down 9.60% to 1.130 in late trade, Rak Cement Co (AD: RKCC ) which lost 7.79% to settle at 0.710 and Gulf Cement Co (AD: GCEM ) which was down 7.41% to 1.0000 at the close.

Advancing stocks outnumbered falling ones by 27 to 6 and 5 ended unchanged; on the Abu Dhabi, 18 rose and 11 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.39% or 0.26 to $67.33 a barrel. Meanwhile, Brent oil for delivery in June rose 0.76% or 0.55 to hit $72.57 a barrel, while the June Gold Futures contract rose 0.44% or 5.90 to trade at $1347.80 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.06% to 4.5311.

The US Dollar Index Futures was up 0.02% at 89.51.

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