United Arab Emirates shares higher at close of trade; DFM General up 0.24%

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United Arab Emirates shares higher at close of trade; DFM General up 0.24%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.24%, while the ADX General index gained 0.07%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 5.81% or 0.270 points to trade at 4.920 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 5.15% or 0.070 points to end at 1.430 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 2.00% or 0.019 points to 0.969 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 2.55% or 0.040 points to trade at 1.530 in late trade. Dubai Investments PJSC (DU: DINV ) declined 1.96% or 0.050 points to end at 2.500 and Amanat Holdings PJSC (DU: AMANT ) shed 1.72% or 0.020 points to 1.140.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 5.88% to 0.900, Em Driving Co (AD: DRIV ) which was up 5.33% to settle at 8.50 and Rak Cmt & Cons (AD: RAKC ) which gained 5.26% to close at 1.200.

The worst performers were Finance House (AD: FH ) which was down 2.25% to 1.740 in late trade, Dana Gas (AD: DANA ) which lost 2.22% to settle at 0.440 and Ad Natl Energy (AD: TAQA ) which was down 2.08% to 0.470 at the close.

Declining stocks outnumbered rising ones by 14 to 14 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 10 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.83% or 0.45 to $54.00 a barrel. Meanwhile, Brent oil for delivery in May unchanged 0.00% or 0.00 to hit $56.31 a barrel, while the April Gold Futures contract rose 0.53% or 6.65 to trade at $1258.05 a troy ounce.

USD/AED was unchanged 0.00% to 3.6727, while EUR/AED fell 0.20% to 3.8773.

The US Dollar Index Futures was up 0.17% at 101.12.

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