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United Arab Emirates stocks higher at close of trade; DFM General up 1.81%

Published 09/27/2018, 07:15 AM
Updated 09/27/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 1.81%

© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 1.81%

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

At the close in Dubai, the DFM General added 1.81%, while the ADX General index added 0.36%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 7.06% or 0.120 points to trade at 1.820 at the close. Meanwhile, Emirates NBD PJSC (DU:ENBD) added 6.15% or 0.550 points to end at 9.500 and Arabtec Holding PJSC (DU:ARTC) was up 3.76% or 0.070 points to 1.930 in late trade.

The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 2.60% or 0.007 points to trade at 0.262 at the close. SHUAA Capital PSC (DU:SHUA) declined 1.96% or 0.020 points to end at 1.000 and Deyaar Development PJSC (DU:DEYR) was down 1.15% or 0.005 points to 0.431.

The top performers on the ADX General were Rak Cmt & Cons (AD:RAKC) which rose 14.50% to 0.979, Abu Dhabi National Hotels Co (AD:ADNH) which was up 6.90% to settle at 3.10 and Nat Bk Qaiwain (AD:NBQ) which gained 6.12% to close at 2.60.

The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.24% to 1.080 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 9.09% to settle at 2.000 and Natl Bk Of Rak (AD:RAKB) which was down 3.06% to 4.12 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 15 and 5 ended unchanged; on the Abu Dhabi, 17 rose and 12 declined, while 2 ended unchanged.

Shares in Ad Shipbldg Co (AD:ADSB) fell to 5-year lows; falling 9.24% or 0.110 to 1.080. Shares in Abu Dhabi National Hotels Co (AD:ADNH) rose to 52-week highs; up 6.90% or 0.20 to 3.10. Shares in Gulf Pharm Ind (AD:GPHI) fell to 52-week lows; falling 9.09% or 0.200 to 2.000.

Crude oil for November delivery was up 0.91% or 0.65 to $72.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.61% or 0.49 to hit $81.28 a barrel, while the December Gold Futures contract fell 0.01% or 0.10 to trade at $1199.00 a troy ounce.

USD/AED was up 0.00% to 3.6733, while EUR/AED fell 0.26% to 4.3024.

The US Dollar Index Futures was up 0.27% at 94.13.

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