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 Sunday, as gains in the Transport , Insurance and Finance & Investment sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.32%, while the ADX General index climbed 0.14%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which rose 14.84% or 0.460 points to trade at 3.560 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 5.84% or 0.080 points to end at 1.450 and Takaful House (DU: DTKF ) was up 5.17% or 0.060 points to 1.220 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 3.97% or 0.05 points to trade at 1.21 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 2.70% or 0.030 points to end at 1.080 and National Central Cooling Co. (DU: TABR ) shed 2.11% or 0.040 points to 1.860.

The top performers on the ADX General were Ad Natl Energy (AD: TAQA ) which rose 13.04% to 0.520, National Marine Dredging PSC (AD: NMDC ) which was up 4.44% to settle at 4.700 and Methaq (AD: METH ) which gained 3.75% to close at 0.830.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.83% to 1.560 in late trade, National Takaful Co PJSC (AD: WATA ) which lost 9.09% to settle at 0.60 and Sharjah Cement AD (AD: SCID ) which was down 5.61% to 1.010 at the close.

Advancing stocks outnumbered falling ones by 19 to 13 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.91% or 0.46 to $50.81 a barrel. Meanwhile, Brent oil for delivery in June rose 1.07% or 0.57 to hit $53.70 a barrel, while the April Gold Futures contract rose 0.19% or 2.40 to trade at $1247.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6728, while EUR/AED fell 0.13% to 3.9153.

The US Dollar Index Futures was down 0.03% at 100.42.

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