United Arab Emirates shares higher at close of trade; DFM General up 2.57%

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United Arab Emirates shares higher at close of trade; DFM General up 2.57%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 2.57%, while the ADX General index climbed 0.92%.

The biggest gainers of the session on the DFM General were Emaar Malls Group (DU: EMAA ), which rose 7.04% or 0.19 points to trade at 2.89 at the close. Emaar Properties PJSC (DU: EMAR ) added 5.38% or 0.320 points to end at 6.270 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 5.26% or 0.300 points to 6.000 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 7.22% or 0.039 points to trade at 0.501 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.63% or 0.017 points to end at 0.630 and AJMAN BANK PJSC (DU: AJBNK ) shed 2.38% or 0.050 points to 2.050.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 4.00% to 0.520, First Gulf Bk (AD: FGB ) which was up 3.03% to settle at 11.90 and Methaq (AD: METH ) which gained 2.25% to close at 0.910.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was unchanged 0.00% to 0.7500 in late trade, Finance House (AD: FH ) which unchanged 0.00% to settle at 1.91 and Emirates Ins C (AD: EIC ) which was unchanged 0.00% to 6.72 at the close.

Advancing stocks outnumbered falling ones by 23 to 4 and 2 ended unchanged; on the Abu Dhabi, 7 rose and 1 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.72% or 0.66 to $39.12 a barrel. Meanwhile, Brent oil for delivery in May rose 1.49% or 0.60 to hit $40.93 a barrel, while the April Gold contract rose 3.33% or 40.90 to trade at $1270.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.82% to 4.1578.

The US Dollar Index was down 0.85% at 94.89.

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