United Arab Emirates shares higher at close of trade; DFM General up 1.77%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 1.77%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.77% to hit a new 52-week high, while the ADX General index gained 0.70%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 14.93% or 0.200 points to trade at 1.540 at the close. Mashreqbank PSC (DU: MASB ) added 6.15% or 4.00 points to end at 69.00 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 4.59% or 0.050 points to 1.140 in late trade.

Biggest losers included Oman Insurance Company P.S.C. (DU: OIC ), which lost 5.71% or 0.080 points to trade at 1.320 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 0.37% or 0.010 points to end at 2.680 and Emirates NBD PJSC (DU: ENBD ) shed 0.35% or 0.030 points to 8.650.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 12.90% to 1.0500, Rak Cement Co (AD: RKCC ) which was up 5.26% to settle at 0.800 and Green Crs Ins (AD: GCIC ) which gained 4.11% to close at 0.760.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 7.72% to 2.630 in late trade, Agthia Group (AD: AGTH ) which lost 2.46% to settle at 6.73 and Al Khazna Ins (AD: AKIC ) which was down 1.96% to 0.500 at the close.

Advancing stocks outnumbered falling ones by 29 to 7 and 8 ended unchanged; on the Abu Dhabi, 20 rose and 6 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.09% or 0.05 to $53.71 a barrel. Meanwhile, Brent oil for delivery in March fell 0.11% or 0.06 to hit $56.83 a barrel, while the February Gold contract fell 0.73% or 8.65 to trade at $1172.65 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.72% to 3.8680.

The US Dollar Index was up 0.77% at 102.17.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or