United Arab Emirates shares higher at close of trade; DFM General up 0.53%

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United Arab Emirates shares higher at close of trade; DFM General up 0.53%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.53%, while the ADX General index climbed 0.02%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 8.63% or 0.120 points to trade at 1.510 at the close. Takaful House (DU: DTKF ) added 4.35% or 0.050 points to end at 1.200 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 3.88% or 0.040 points to 1.070 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.46% or 0.090 points to trade at 2.510 in late trade. Air Arabia PJSC (DU: AIRA ) declined 3.15% or 0.040 points to end at 1.230 and AJMAN BANK PJSC (DU: AJBNK ) shed 2.76% or 0.040 points to 1.410.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 4.71% to 0.8900, Rak Properties (AD: RPRO ) which was up 1.30% to settle at 0.780 and Ad Islamic Bk (AD: ADIB ) which gained 0.77% to close at 3.930.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 9.97% to 2.80 in late trade, Fujairah Cement Industries Co PSC (AD: FCI ) which lost 9.84% to settle at 1.10 and Finance House (AD: FH ) which was down 4.76% to 1.800 at the close.

Advancing stocks outnumbered falling ones by 22 to 12 and 6 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 1.64% or 0.87 to $53.87 a barrel. Meanwhile, Brent oil for delivery in April rose 1.91% or 1.06 to hit $56.69 a barrel, while the April Gold Futures contract fell 0.15% or 1.80 to trade at $1235.00 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.16% to 3.9078.

The US Dollar Index Futures was unchanged 0.00% at 100.72.

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