Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks higher at close of trade; DFM General up 1.41%

Published 06/11/2018, 07:15 AM
Updated 06/11/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 1.41%

© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 1.41%

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

At the close in Dubai, the DFM General gained 1.41% to hit a new 1-month high, while the ADX General index gained 0.89%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 5.30% or 0.035 points to trade at 0.695 at the close. Meanwhile, Emaar Properties PJSC (DU:EMAR) added 4.13% or 0.230 points to end at 5.800 and Gulf General Investments Company (DU:GGIC) was up 3.57% or 0.010 points to 0.290 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 5.66% or 0.120 points to trade at 2.000 at the close. Arabtec Holding PJSC (DU:ARTC) declined 1.72% or 0.040 points to end at 2.290 and Gulf Navigation Holding PJSC (DU:GNAV) was down 1.30% or 0.013 points to 0.987.

The top performers on the ADX General were Gulf Cement Co (AD:GCEM) which rose 4.12% to 1.0100, Emirates Ins C (AD:EIC) which was up 2.90% to settle at 7.10 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which gained 1.75% to close at 0.580.

The worst performers were National Bank of Fujairah PJSC (AD:NBF) which was down 9.09% to 2.60 in late trade, Gulf Medical Projects Co PSC (AD:GMPC) which lost 5.26% to settle at 1.80 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 1.67% to 0.5900 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 13 and 5 ended unchanged; on the Abu Dhabi, 14 rose and 7 declined, while 8 ended unchanged.

Shares in Gulf Navigation Holding PJSC (DU:GNAV) fell to 52-week lows; losing 1.30% or 0.013 to 0.987. Shares in Arkan Building Materials Co PJSC (AD:ARKN) fell to all time lows; falling 1.67% or 0.0100 to 0.5900.

Crude oil for July delivery was down 1.25% or 0.82 to $64.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.03% or 0.79 to hit $75.67 a barrel, while the August Gold Futures contract fell 0.25% or 3.30 to trade at $1299.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.10% to 4.3278.

The US Dollar Index Futures was up 0.11% at 93.65.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.