Investing.com – United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Real Estate & Construction and Transport sectors led shares higher.
At the close in Dubai, the DFM General added 0.43%, while the ADX General index gained 0.63%.
The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 3.70% or 0.040 points to trade at 1.120 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 3.12% or 0.016 points to end at 0.529 and Takaful House (DU:DTKF) was up 1.98% or 0.020 points to 1.030 in late trade.
The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 4.76% or 3.00 points to trade at 60.00 at the close. Gulf General Investments Company (DU:GGIC) declined 1.94% or 0.009 points to end at 0.456 and Islamic Arab Insurance Company (DU:SALAMA) was down 1.74% or 0.008 points to 0.452.
The top performers on the ADX General were Arkan Building Materials Co PJSC (AD:ARKN) which rose 4.95% to 1.0600, First Gulf Bk (AD:FGB) which was up 3.23% to settle at 11.20 and Dana Gas (AD:DANA) which gained 1.89% to close at 0.540.
The worst performers were Al Khazna Ins (AD:AKIC) which was down 7.69% to 0.360 in late trade, Emirates Ins C (AD:EIC) which lost 3.33% to settle at 5.80 and Gulf Pharm Ind (AD:GPHI) which was down 2.68% to 2.180 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 16 to 15 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 14 rose and 7 declined, while 10 ended unchanged.
Shares in SHUAA Capital PSC (DU:SHUA) rose to 52-week highs; rising 3.70% or 0.040 to 1.120. Shares in Mashreqbank PSC (DU:MASB) fell to 3-years lows; losing 4.76% or 3.00 to 60.00. Shares in Gulf General Investments Company (DU:GGIC) fell to 52-week lows; down 1.94% or 0.009 to 0.456. Shares in Arkan Building Materials Co PJSC (AD:ARKN) rose to 52-week highs; rising 4.95% or 0.0500 to 1.0600. Shares in Emirates Ins C (AD:EIC) fell to 3-years lows; falling 3.33% or 0.20 to 5.80.
Crude oil for December delivery was up 0.39% or 0.19 to $49.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.70% or 0.35 to hit $50.33 a barrel, while the December Gold contract rose 0.26% or 3.35 to trade at $1269.95 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.19% to 4.0132.
The US Dollar Index was down 0.05% at 98.54.