United Arab Emirates shares higher at close of trade; DFM General up 1.77%
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.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or