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United Arab Emirates stocks higher at close of trade; DFM General up 0.59%

Stock MarketsOct 18, 2018 07:15AM ET
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United Arab Emirates stocks higher at close of trade; DFM General up 0.59%

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

At the close in Dubai, the DFM General added 0.59%, while the ADX General index gained 0.53%.

The best performers of the session on the DFM General were Damac Properties Dubai Co PSC (DU:DAMAC), which rose 3.59% or 0.070 points to trade at 2.020 at the close. Meanwhile, Gulf General Investments Company (DU:GGIC) added 2.82% or 0.007 points to end at 0.255 and Dubai Islamic Insurance Co. (DU:AMAN) was up 2.81% or 0.018 points to 0.658 in late trade.

The worst performers of the session were Deyaar Development PJSC (DU:DEYR), which fell 2.58% or 0.012 points to trade at 0.453 at the close. Islamic Arab Insurance Company (DU:SALAMA) declined 1.14% or 0.008 points to end at 0.692 and ARAMEX PJSC (DU:ARMX) was down 0.74% or 0.030 points to 4.000.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD:NBF) which unchanged 0.00% to 3.40, Fujairah Cement Industries Co PSC (AD:FCI) which was unchanged 0.00% to settle at 1.200 and Gulf Pharm Ind (AD:GPHI) which unchanged 0.00% to close at 2.200.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was unchanged 0.00% to 0.900 in late trade, Em Driving Co (AD:DRIV) which unchanged 0.00% to settle at 5.92 and Al Khaleej Investment Co PJSC (AD:KICO) which was unchanged 0.00% to 1.90 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 20 to 10 and 4 ended unchanged; on the Abu Dhabi, 0 fell and 0 advanced.

Shares in Fujairah Cement Industries Co PSC (AD:FCI) unchanged to 52-week highs; unchanged 0.00% or 0.000 to 1.200. Shares in Em Driving Co (AD:DRIV) unchanged to 52-week lows; unchanged 0.00% or 0.00 to 5.92. Shares in Al Khaleej Investment Co PJSC (AD:KICO) unchanged to 52-week lows; unchanged 0.00% or 0.00 to 1.90.

Crude oil for November delivery was down 0.92% or 0.64 to $69.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.17% or 0.94 to hit $79.11 a barrel, while the December Gold Futures contract fell 0.04% or 0.50 to trade at $1226.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.16% to 4.2299.

The US Dollar Index Futures was down 0.10% at 95.25.

United Arab Emirates stocks higher at close of trade; DFM General up 0.59%
 

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