United Arab Emirates shares higher at close of trade; DFM General up 0.02%

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United Arab Emirates shares higher at close of trade; DFM General up 0.02%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.02%, while the ADX General index gained 0.78%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 4.46% or 0.050 points to trade at 1.170 at the close. Takaful House (DU: DTKF ) added 2.63% or 0.030 points to end at 1.170 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 1.95% or 0.050 points to 2.610 in late trade.

Biggest losers included Union Properties PJSC (DU: UPRO ), which lost 2.94% or 0.030 points to trade at 0.990 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.55% or 0.011 points to end at 0.421 and Commercial Bank of Dubai P.S.C. (DU: CBD ) shed 2.17% or 0.100 points to 4.500.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 6.67% to 3.20, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 3.51% to settle at 0.590 and Natl Bk Of Ad (AD: NBAD ) which gained 1.77% to close at 11.50.

The worst performers were Finance House (AD: FH ) which was down 10.00% to 1.440 in late trade, Rak Cement Co (AD: RKCC ) which lost 10.00% to settle at 0.810 and Ad Shipbldg Co (AD: ADSB ) which was down 6.07% to 2.630 at the close.

Advancing stocks outnumbered falling ones by 21 to 14 and 2 ended unchanged; on the Abu Dhabi, 13 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 1.21% or 0.58 to $47.24 a barrel. Meanwhile, Brent oil for delivery in July fell 1.16% or 0.59 to hit $50.20 a barrel, while the June Gold Futures contract fell 1.10% or 13.77 to trade at $1234.73 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.43% to 4.0147.

The US Dollar Index Futures was down 0.25% at 99.01.

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