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United Arab Emirates stocks higher at close of trade; DFM General up 0.10%

Published 03/04/2018, 06:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.10%

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

At the close in Dubai, the DFM General gained 0.10%, while the ADX General index added 0.21%.

The best performers of the session on the DFM General were Emaar Malls (DU:EMAA), which rose 1.88% or 0.040 points to trade at 2.170 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 1.44% or 0.008 points to end at 0.563 and Gulf Navigation Holding PJSC (DU:GNAV) was up 0.93% or 0.010 points to 1.090 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 7.04% or 0.140 points to trade at 1.850 at the close. SHUAA Capital PSC (DU:SHUA) declined 4.46% or 0.050 points to end at 1.070 and Amanat Holdings PJSC (DU:AMANT) was down 2.74% or 0.040 points to 1.420.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 8.64% to 2.390, Green Crs Ins (AD:GCIC) which was up 7.95% to settle at 0.950 and Sharjah Cement AD (AD:SCID) which gained 5.61% to close at 1.130.

The worst performers were National Bank of Fujairah PJSC (AD:NBF) which was down 8.79% to 3.01 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.70% to settle at 0.7200 and Methaq (AD:METH) which was down 2.38% to 0.820 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 17 and 6 ended unchanged; on the Abu Dhabi, 14 rose and 12 declined, while 3 ended unchanged.

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Shares in Green Crs Ins (AD:GCIC) rose to 52-week highs; rising 7.95% or 0.070 to 0.950.

Crude oil for April delivery was up 0.79% or 0.48 to $61.47 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 1.13% or 0.72 to hit $64.55 a barrel, while the April Gold Futures contract rose 1.42% or 18.50 to trade at $1323.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.48% to 4.5270.

The US Dollar Index Futures was down 0.30% at 89.95.

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