United Arab Emirates shares higher at close of trade; DFM General up 1.31%

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United Arab Emirates shares higher at close of trade; DFM General up 1.31%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 1.31% to hit a new 3-month high, while the ADX General index climbed 1.79%.

The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU: EMAR ), which rose 5.80% or 0.370 points to trade at 6.750 at the close. Dubai Parks and Resorts PJSC (DU: DUBA ) added 5.11% or 0.070 points to end at 1.440 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 4.17% or 0.040 points to 1.000 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 8.86% or 7.00 points to trade at 72.00 in late trade. National General Insurance Co PSC (DU: NGIN ) declined 7.04% or 0.25 points to end at 3.30 and Drake & Scull International PJSC (DU: DSI ) shed 3.33% or 0.020 points to 0.580.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 6.06% to 0.350, Natl Bk Of Ad (AD: NBAD ) which was up 5.52% to settle at 8.99 and Ad Islamic Bk (AD: ADIB ) which gained 4.19% to close at 4.23.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 3.61% to 0.800 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 2.35% to settle at 0.8300 and Natl Co Bldg M (AD: BILD ) which was down 1.96% to 0.500 at the close.

Declining stocks outnumbered rising ones by 18 to 10 and 2 ended unchanged; on the Abu Dhabi, 14 rose and 8 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.10% or 0.04 to $41.72 a barrel. Meanwhile, Brent oil for delivery in June rose 0.02% or 0.01 to hit $44.19 a barrel, while the June Gold contract fell 0.54% or 6.70 to trade at $1241.60 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.07% to 4.1366.

The US Dollar Index was up 0.14% at 94.94.

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