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United Arab Emirates stocks higher at close of trade; DFM General up 0.45%

Stock MarketsMay 14, 2018 07:15AM ET
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© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.45%

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

At the close in Dubai, the DFM General gained 0.45%, while the ADX General index climbed 0.49%.

The best performers of the session on the DFM General were Amlak Finance PJSC (DU:AMLK), which rose 3.40% or 0.025 points to trade at 0.760 at the close. Meanwhile, Dubai Financial Market PJSC (DU:DFM) added 3.09% or 0.030 points to end at 1.000 and Dubai Islamic Insurance Co. (DU:AMAN) was up 2.88% or 0.019 points to 0.679 in late trade.

The worst performers of the session were Emirates NBD PJSC (DU:ENBD), which fell 1.96% or 0.200 points to trade at 10.000 at the close. Gulf Navigation Holding PJSC (DU:GNAV) declined 1.94% or 0.020 points to end at 1.010 and National Central Cooling Co. (DU:TABR) was down 1.12% or 0.020 points to 1.760.

The top performers on the ADX General were Commercial Bank International (AD:CBI) which rose 14.49% to 0.790, National Takaful Co PJSC (AD:WATA) which was up 14.29% to settle at 0.48 and Rak Cement Co (AD:RKCC) which gained 2.86% to close at 0.720.

The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.60% to 1.790 in late trade, Dana Gas (AD:DANA) which lost 2.78% to settle at 1.050 and Natl Bk Of Rak (AD:RAKB) which was down 2.04% to 4.32 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 21 to 11 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 10 declined, while 5 ended unchanged.

Shares in Gulf Navigation Holding PJSC (DU:GNAV) fell to 52-week lows; losing 1.94% or 0.020 to 1.010. Shares in Ad Shipbldg Co (AD:ADSB) fell to 3-years lows; down 9.60% or 0.190 to 1.790.

Crude oil for June delivery was up 0.18% or 0.13 to $70.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.34% or 0.26 to hit $77.38 a barrel, while the June Gold Futures contract fell 0.09% or 1.20 to trade at $1319.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.38% to 4.4036.

The US Dollar Index Futures was down 0.27% at 92.19.

United Arab Emirates stocks higher at close of trade; DFM General up 0.45%
 

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