United Arab Emirates shares higher at close of trade; DFM General up 0.11%

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United Arab Emirates shares higher at close of trade; DFM General up 0.11%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Consumer Staples , Telecoms and Banking sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.11%, while the ADX General index gained 0.49%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 2.61% or 0.030 points to trade at 1.180 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.05% or 0.008 points to end at 0.399 and Marka Pjse (DU: MARKA ) was up 1.83% or 0.01 points to 0.72 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 3.48% or 0.040 points to trade at 1.110 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 1.74% or 0.070 points to end at 3.960 and ARAMEX PJSC (DU: ARMX ) shed 1.67% or 0.090 points to 5.310.

The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 5.93% to 1.430, Union Cement (AD: UCC ) which was up 4.00% to settle at 1.300 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 3.23% to close at 3.20.

The worst performers were Rak Cmt & Cons (AD: RAKC ) which was down 8.74% to 0.940 in late trade, Union Natl Bk (AD: UNB ) which lost 2.74% to settle at 4.620 and Bank Of Sharja (AD: BOS ) which was down 1.61% to 1.220 at the close.

Declining stocks outnumbered rising ones by 16 to 15 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 5 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.34% or 0.16 to $46.56 a barrel. Meanwhile, Brent oil for delivery in September rose 0.49% or 0.24 to hit $49.08 a barrel, while the August Gold Futures contract fell 0.22% or 2.78 to trade at $1239.12 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.25% to 4.2334.

The US Dollar Index Futures was up 0.15% at 94.59.

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