United Arab Emirates shares higher at close of trade; DFM General up 0.32%

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United Arab Emirates shares higher at close of trade; DFM General up 0.32%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.32%, while the ADX General index gained 1.67%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 14.29% or 0.160 points to trade at 1.280 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 4.65% or 0.028 points to end at 0.630 and Islamic Arab Insurance Company (DU: SALAMA ) was up 2.96% or 0.015 points to 0.521 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 4.62% or 3.00 points to trade at 62.00 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 3.05% or 0.080 points to end at 2.540 and Union Properties PJSC (DU: UPRO ) shed 0.88% or 0.010 points to 1.130.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 11.11% to 1.0000, Rak Cmt & Cons (AD: RAKC ) which was up 10.81% to settle at 1.230 and Green Crs Ins (AD: GCIC ) which gained 9.38% to close at 0.700.

The worst performers were Al Khazna Ins (AD: AKIC ) which was down 2.70% to 0.360 in late trade, Rak Ceramics (AD: RKCE ) which lost 2.00% to settle at 2.450 and Gulf Pharm Ind (AD: GPHI ) which was down 1.36% to 2.170 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 9 ended unchanged; on the Abu Dhabi, 20 rose and 6 declined, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.30% or 0.16 to $53.90 a barrel. Meanwhile, Brent oil for delivery in March rose 0.16% or 0.09 to hit $57.05 a barrel, while the February Gold contract rose 0.59% or 6.75 to trade at $1147.65 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED rose 0.56% to 3.8466.

The US Dollar Index was down 0.48% at 102.74.

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