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United Arab Emirates shares higher at close of trade; DFM General up 0.64%

Published 2017/07/11, 13:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.64%
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Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Telecoms, Banking and Insurance sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.64%, while the ADX General index gained 0.24%.

The biggest gainers of the session on the DFM General were Takaful House (DU:DTKF), which rose 7.14% or 0.080 points to trade at 1.200 at the close. AJMAN BANK PJSC (DU:AJBNK) added 3.60% or 0.040 points to end at 1.150 and Commercial Bank of Dubai P.S.C. (DU:CBD) was up 2.35% or 0.100 points to 4.350 in late trade.

Biggest losers included SHUAA Capital PSC (DU:SHUA), which lost 1.68% or 0.020 points to trade at 1.170 in late trade. ARAMEX PJSC (DU:ARMX) declined 1.31% or 0.070 points to end at 5.290 and Air Arabia PJSC (DU:AIRA) shed 0.96% or 0.010 points to 1.030.

The top performers on the ADX General were Finance House (AD:FH) which rose 15.00% to 1.840, Rak Cement Co (AD:RKCC) which was up 3.90% to settle at 0.800 and Abu Dhabi National Hotels Co (AD:ADNH) which gained 3.23% to close at 3.20.

The worst performers were Union Cement (AD:UCC) which was down 6.67% to 1.260 in late trade, Invest Bank AD (AD:INVB) which lost 5.51% to settle at 2.400 and Rak Properties (AD:RPRO) which was down 1.54% to 0.640 at the close.

Advancing stocks outnumbered falling ones by 21 to 10 and 6 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.08% or 0.48 to $43.92 a barrel. Meanwhile, Brent oil for delivery in September fell 1.07% or 0.50 to hit $46.38 a barrel, while the August Gold Futures contract fell 0.24% or 2.88 to trade at $1210.32 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.04% to 4.1856.

The US Dollar Index Futures was up 0.05% at 95.86.

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