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United Arab Emirates stocks higher at close of trade; DFM General up 0.70%

Published 11/29/2016, 06:15 AM
Updated 11/29/2016, 06:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.70%

Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Finance & Investment, Consumer Staples and Insurance sectors led shares higher.

At the close in Dubai, the DFM General gained 0.70%, while the ADX General index added 0.10%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 6.25% or 0.090 points to trade at 1.530 at the close. Meanwhile, Marka Pjse (DU:MARKA) added 4.76% or 0.05 points to end at 1.10 and Islamic Arab Insurance Company (DU:SALAMA) was up 3.84% or 0.017 points to 0.460 in late trade.

The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 1.48% or 0.030 points to trade at 2.000 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) declined 1.04% or 0.060 points to end at 5.700 and Emaar Malls (DU:EMAA) was down 0.77% or 0.020 points to 2.580.

The top performers on the ADX General were National Marine Dredging PSC (AD:NMDC) which rose 14.90% to 4.550, Eshraq Properties Co PJSC (AD:ESHR) which was up 4.21% to settle at 0.9900 and Ad Aviation (AD:ADAV) which gained 3.45% to close at 3.000.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 2.70% to 0.360 in late trade, Methaq (AD:METH) which lost 2.33% to settle at 0.840 and Rak Cmt & Cons (AD:RAKC) which was down 0.89% to 1.110 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 14 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 9 rose and 7 declined, while 10 ended unchanged.

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Crude oil for January delivery was down 1.59% or 0.75 to $46.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.52% or 0.75 to hit $48.46 a barrel, while the December Gold contract fell 0.28% or 3.30 to trade at $1187.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.12% to 3.8948.

The US Dollar Index was up 0.10% at 101.31.

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