United Arab Emirates shares higher at close of trade; DFM General up 1.22%

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United Arab Emirates shares higher at close of trade; DFM General up 1.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.22%, while the ADX General index climbed 1.13%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 15.00% or 0.27 points to trade at 2.07 at the close. Drake & Scull International PJSC (DU: DSI ) added 6.52% or 0.029 points to end at 0.474 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 4.38% or 0.120 points to 2.860 in late trade.

Biggest losers included Emirates Refreshments Company (DU: ERC ), which lost 10.00% or 0.450 points to trade at 4.050 in late trade. Commercial Bank of Dubai P.S.C. (DU: CBD ) declined 4.00% or 0.200 points to end at 4.800 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 3.33% or 0.050 points to 1.450.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 4.23% to 0.7400, Aldar Properti (AD: ALDR ) which was up 3.96% to settle at 2.360 and Natl Bk Of Ad (AD: NBAD ) which gained 3.47% to close at 10.15.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 9.91% to 3.00 in late trade, Gulf Medical Projects Co PSC (AD: GMPC ) which lost 7.62% to settle at 2.79 and Gulf Pharm Ind (AD: GPHI ) which was down 5.12% to 2.040 at the close.

Advancing stocks outnumbered falling ones by 24 to 14 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.84% or 0.41 to $49.27 a barrel. Meanwhile, Brent oil for delivery in May rose 0.89% or 0.46 to hit $52.27 a barrel, while the April Gold Futures contract rose 1.94% or 23.35 to trade at $1224.05 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.03% to 3.9414.

The US Dollar Index Futures was up 0.09% at 100.45.

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