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United Arab Emirates stocks higher at close of trade; DFM General up 0.61%

Published 02/25/2018, 06:15 AM
Updated 02/25/2018, 06:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.61%

© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.61%

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

At the close in Dubai, the DFM General rose 0.61%, while the ADX General index gained 0.05%.

The best performers of the session on the DFM General were Marka Pjse (DU:MARKA), which rose 3.58% or 0.02 points to trade at 0.55 at the close. Meanwhile, Arabtec Holding PJSC (DU:ARTC) added 3.28% or 0.080 points to end at 2.520 and Dubai Investments PJSC (DU:DINV) was up 3.17% or 0.070 points to 2.280 in late trade.

The worst performers of the session were SHUAA Capital PSC (DU:SHUA), which fell 2.68% or 0.030 points to trade at 1.090 at the close. Gulf Navigation Holding PJSC (DU:GNAV) declined 1.80% or 0.020 points to end at 1.090 and Gulf General Investments Company (DU:GGIC) was down 1.41% or 0.005 points to 0.350.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD:ESHR) which rose 2.78% to 0.7400, Dana Gas (AD:DANA) which was up 2.74% to settle at 0.750 and Ad Natl Energy (AD:TAQA) which gained 2.63% to close at 0.780.

The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 3.67% to 2.100 in late trade, Methaq (AD:METH) which lost 2.38% to settle at 0.820 and Rak Ceramics (AD:RKCE) which was down 1.92% to 3.070 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 18 to 13 and 8 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 6 ended unchanged.

Shares in Ad Natl Energy (AD:TAQA) rose to 52-week highs; rising 2.63% or 0.020 to 0.780.

Crude oil for April delivery was up 1.29% or 0.81 to $63.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May unchanged 0.00% or 0.00 to hit $67.04 a barrel, while the April Gold Futures contract fell 0.17% or 2.20 to trade at $1330.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.29% to 4.5155.

The US Dollar Index Futures was up 0.17% at 89.81.

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