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United Arab Emirates stocks higher at close of trade; DFM General up 1.31%

Published 04/14/2016, 07:15 AM
Updated 04/14/2016, 07:15 AM
United Arab Emirates stocks higher at close of trade; DFM General up 1.31%

United Arab Emirates stocks higher at close of trade; DFM General up 1.31%

Investing.com – United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Real Estate & Construction and Services sectors led shares higher.

At the close in Dubai, the DFM General rose 1.31% to hit a new 3-months high, while the ADX General index climbed 1.79%.

The best performers of the session on the DFM General were Emaar Properties PJSC (DU:EMAR), which rose 5.80% or 0.370 points to trade at 6.750 at the close. Meanwhile, Dubai Parks and Resorts PJSC (DU:DUBA) added 5.11% or 0.070 points to end at 1.440 and Gulf Navigation Holding PJSC (DU:GNAV) was up 4.17% or 0.040 points to 1.000 in late trade.

The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 8.86% or 7.00 points to trade at 72.00 at the close. National General Insurance Co PSC (DU:NGIN) declined 7.04% or 0.25 points to end at 3.30 and Drake & Scull International PJSC (DU:DSI) was down 3.33% or 0.020 points to 0.580.

The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 6.06% to 0.350, Natl Bk Of Ad (AD:NBAD) which was up 5.52% to settle at 8.99 and Ad Islamic Bk (AD:ADIB) which gained 4.19% to close at 4.23.

The worst performers were Green Crs Ins (AD:GCIC) which was down 3.61% to 0.800 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.35% to settle at 0.8300 and Natl Co Bldg M (AD:BILD) which was down 1.96% to 0.500 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 10 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 14 rose and 8 declined, while 4 ended unchanged.

Shares in Mashreqbank PSC (DU:MASB) fell to 52-week lows; losing 8.86% or 7.00 to 72.00. Shares in Dubai Parks and Resorts PJSC (DU:DUBA) rose to all time highs; up 5.11% or 0.070 to 1.440. Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 52-week highs; up 4.17% or 0.040 to 1.000.

Crude oil for May delivery was down 0.02% or 0.01 to $41.75 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.09% or 0.04 to hit $44.22 a barrel, while the June Gold contract fell 0.54% or 6.70 to trade at $1241.60 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.07% to 4.1366.

The US Dollar Index was up 0.15% at 94.95.

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