United Arab Emirates shares higher at close of trade; DFM General up 0.29%

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United Arab Emirates shares higher at close of trade; DFM General up 0.29%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.29%, while the ADX General index climbed 0.31%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 14.02% or 0.134 points to trade at 1.090 at the close. Takaful Emarat PSC (DU: TKFE ) added 4.35% or 0.100 points to end at 2.400 and Dubai Investments PJSC (DU: DINV ) was up 3.67% or 0.090 points to 2.540 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 3.00% or 0.060 points to trade at 1.940 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 2.05% or 0.030 points to end at 1.430 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.86% or 0.030 points to 1.580.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 14.62% to 2.43, Al Khazna Ins (AD: AKIC ) which was up 8.51% to settle at 0.510 and Gulf Pharm Ind (AD: GPHI ) which gained 8.06% to close at 2.280.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 7.59% to 0.730 in late trade, Natl Bk Of Rak (AD: RAKB ) which lost 1.80% to settle at 4.90 and Agthia Group (AD: AGTH ) which was down 0.72% to 6.90 at the close.

Advancing stocks outnumbered falling ones by 17 to 14 and 8 ended unchanged; on the Abu Dhabi, 15 rose and 7 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.32% or 0.17 to $53.43 a barrel. Meanwhile, Brent oil for delivery in March rose 0.32% or 0.18 to hit $56.64 a barrel, while the February Gold contract rose 0.56% or 6.55 to trade at $1171.85 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.01% to 3.8543.

The US Dollar Index was down 0.04% at 102.45.

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