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United Arab Emirates stocks higher at close of trade; DFM General up 0.36%

Published 04/09/2018, 07:15 AM
Updated 04/09/2018, 07:20 AM
United Arab Emirates stocks higher at close of trade; DFM General up 0.36%

United Arab Emirates stocks higher at close of trade; DFM General up 0.36%

Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Real Estate & Construction, Banking and Insurance sectors led shares higher.

At the close in Dubai, the DFM General added 0.36%, while the ADX General index climbed 1.35%.

The best performers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 2.15% or 0.015 points to trade at 0.714 at the close. Meanwhile, Amlak Finance PJSC (DU:AMLK) added 1.95% or 0.016 points to end at 0.836 and Union Properties PJSC (DU:UPRO) was up 1.76% or 0.015 points to 0.866 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 2.71% or 0.008 points to trade at 0.287 at the close. Dubai Investments PJSC (DU:DINV) declined 1.90% or 0.040 points to end at 2.070 and Emaar Malls (DU:EMAA) was down 1.87% or 0.040 points to 2.100.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD:ESHR) which rose 4.11% to 0.7600, Gulf Cement Co (AD:GCEM) which was up 3.85% to settle at 1.0800 and Ad Natl Energy (AD:TAQA) which gained 3.33% to close at 0.930.

The worst performers were Commercial Bank International (AD:CBI) which was down 9.20% to 0.790 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 5.71% to settle at 3.300 and Al Khazna Ins (AD:AKIC) which was down 4.17% to 0.230 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 25 to 8 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 6 ended unchanged.

Shares in Gulf General Investments Company (DU:GGIC) fell to 5-year lows; losing 2.71% or 0.008 to 0.287. Shares in Ad Natl Energy (AD:TAQA) rose to 3-years highs; rising 3.33% or 0.030 to 0.930. Shares in Al Khazna Ins (AD:AKIC) fell to all time lows; falling 4.17% or 0.010 to 0.230.

Crude oil for May delivery was up 0.29% or 0.18 to $62.24 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.61% or 0.41 to hit $67.52 a barrel, while the June Gold Futures contract fell 0.38% or 5.10 to trade at $1331.00 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.05% to 4.5080.

The US Dollar Index Futures was up 0.11% at 89.92.

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