United Arab Emirates shares higher at close of trade; DFM General up 0.04%

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United Arab Emirates shares higher at close of trade; DFM General up 0.04%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services , Insurance and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.04%, while the ADX General index gained 0.32%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 7.43% or 0.240 points to trade at 3.470 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.92% or 0.011 points to end at 0.388 and Takaful House (DU: DTKF ) was up 1.82% or 0.020 points to 1.120 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 2.76% or 0.040 points to trade at 1.410 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 1.34% or 0.010 points to end at 0.737 and Marka Pjse (DU: MARKA ) shed 1.29% or 0.01 points to 0.69.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 11.57% to 1.350, Rak Cement Co (AD: RKCC ) which was up 6.67% to settle at 0.800 and Ad Natl Energy (AD: TAQA ) which gained 4.00% to close at 0.520.

The worst performers were Bank Of Sharja (AD: BOS ) which was down 3.08% to 1.260 in late trade, Agthia Group (AD: AGTH ) which lost 1.27% to settle at 5.43 and Methaq (AD: METH ) which was down 1.16% to 0.850 at the close.

Advancing stocks outnumbered falling ones by 17 to 15 and 2 ended unchanged; on the Abu Dhabi, 10 rose and 6 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 2.55% or 1.16 to $44.36 a barrel. Meanwhile, Brent oil for delivery in September fell 2.66% or 1.28 to hit $46.83 a barrel, while the August Gold Futures contract fell 0.93% or 11.32 to trade at $1211.98 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.21% to 4.1870.

The US Dollar Index Futures was up 0.21% at 95.78.

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