United Arab Emirates shares higher at close of trade; DFM General up 0.37%

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United Arab Emirates shares higher at close of trade; DFM General up 0.37%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.37%, while the ADX General index gained 1.16%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 14.89% or 0.126 points to trade at 0.972 at the close. Takaful House (DU: DTKF ) added 5.31% or 0.060 points to end at 1.190 and Islamic Arab Insurance Company (DU: SALAMA ) was up 5.16% or 0.022 points to 0.448 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU: DAMAC ), which lost 3.01% or 0.090 points to trade at 2.900 in late trade. ARAMEX PJSC (DU: ARMX ) declined 2.16% or 0.110 points to end at 4.990 and AJMAN BANK PJSC (DU: AJBNK ) shed 0.84% or 0.010 points to 1.180.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 13.04% to 0.780, National Bank of Fujairah PJSC (AD: NBF ) which was up 10.03% to settle at 3.29 and Union Cement (AD: UCC ) which gained 8.70% to close at 1.250.

The worst performers were Commercial Bank International (AD: CBI ) which was down 6.58% to 1.420 in late trade, Invest Bank AD (AD: INVB ) which lost 5.62% to settle at 2.350 and Agthia Group (AD: AGTH ) which was down 2.81% to 5.53 at the close.

Advancing stocks outnumbered falling ones by 28 to 6 and 2 ended unchanged; on the Abu Dhabi, 16 rose and 8 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.12% or 0.06 to $48.38 a barrel. Meanwhile, Brent oil for delivery in August fell 0.18% or 0.09 to hit $50.67 a barrel, while the June Gold Futures contract fell 0.52% or 6.57 to trade at $1265.43 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.12% to 4.1234.

The US Dollar Index Futures was up 0.20% at 97.10.

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