United Arab Emirates shares higher at close of trade; DFM General up 0.47%

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United Arab Emirates shares higher at close of trade; DFM General up 0.47%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.47% to hit a new 1-month high, while the ADX General index added 0.45%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU: MARKA ), which rose 7.96% or 0.09 points to trade at 1.22 at the close. Commercial Bank of Dubai P.S.C. (DU: CBD ) added 4.95% or 0.250 points to end at 5.300 and Arabtec Holding PJSC (DU: ARTC ) was up 4.67% or 0.070 points to 1.570 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 1.89% or 0.020 points to trade at 1.040 in late trade. National Central Cooling Co. (DU: TABR ) declined 1.37% or 0.020 points to end at 1.440 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.20% or 0.020 points to 1.650.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 3.87% to 1.61, Gulf Medical Projects Co PSC (AD: GMPC ) which was up 3.31% to settle at 2.50 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 2.13% to close at 0.480.

The worst performers were Ad Islamic Bk (AD: ADIB ) which was down 4.29% to 3.790 in late trade, Gulf Cement Co (AD: GCEM ) which lost 2.27% to settle at 0.8600 and Rak Properties (AD: RPRO ) which was down 1.67% to 0.590 at the close.

Advancing stocks outnumbered falling ones by 20 to 13 and 4 ended unchanged; on the Abu Dhabi, 13 fell and 10 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was unchanged 0.00% or 0.00 to $46.65 a barrel. Meanwhile, Brent oil for delivery in September rose 1.29% or 0.61 to hit $47.98 a barrel, while the August Gold contract rose 0.43% or 5.70 to trade at $1337.90 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.72% to 4.0534.

The US Dollar Index was up 0.62% at 96.70.

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