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United Arab Emirates stocks higher at close of trade; DFM General up 0.97%

Published 03/11/2018, 07:15 AM
Updated 03/11/2018, 07:20 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.97%

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

At the close in Dubai, the DFM General gained 0.97%, while the ADX General index added 0.14%.

The best performers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 13.64% or 1.200 points to trade at 10.000 at the close. Meanwhile, Emaar Malls (DU:EMAA) added 1.89% or 0.040 points to end at 2.160 and Emaar Development PJSC (DU:EMAARDEV) was up 1.16% or 0.060 points to 5.220 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 6.38% or 0.04 points to trade at 0.54 at the close. Dubai Islamic Insurance Co. (DU:AMAN) declined 4.06% or 0.032 points to end at 0.757 and Mashreqbank PSC (DU:MASB) was down 3.75% or 3.00 points to 77.00.

The top performers on the ADX General were Agthia Group (AD:AGTH) which rose 5.97% to 4.08, Union Cement (AD:UCC) which was up 3.23% to settle at 1.600 and Dana Gas (AD:DANA) which gained 2.67% to close at 0.770.

The worst performers were Union Insurance Co PSC (AD:UNIN) which was down 9.88% to 1.46 in late trade, Commercial Bank International (AD:CBI) which lost 9.78% to settle at 0.830 and Emirates Ins C (AD:EIC) which was down 4.00% to 7.20 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 22 to 12 and 4 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 5 ended unchanged.

Shares in Emirates NBD PJSC (DU:ENBD) rose to 52-week highs; gaining 13.64% or 1.200 to 10.000. Shares in Union Insurance Co PSC (AD:UNIN) fell to 52-week lows; falling 9.88% or 0.16 to 1.46.

Crude oil for April delivery was up 3.36% or 2.02 to $62.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 3.14% or 2.00 to hit $65.61 a barrel, while the April Gold Futures contract rose 0.17% or 2.30 to trade at $1324.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.05% to 4.5195.

The US Dollar Index Futures was unchanged 0.00% at 90.11.

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