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United Arab Emirates stocks higher at close of trade; DFM General up 1.46%

Published 04/12/2016, 07:15 AM
United Arab Emirates stocks higher at close of trade; DFM General up 1.46%
DFMBK
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DFMGI
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DFMIF
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DEYR
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ENBD
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GNAV
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TABR
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UPRO
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DFMCSI
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HAYAH
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BILDCO
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AKIC
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GCEM
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DXBE
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Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Consumer Staples, Banking and Finance & Investment sectors led shares higher.

At the close in Dubai, the DFM General gained 1.46% to hit a new 3-months high, while the ADX General index added 0.39%.

The best performers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 4.99% or 0.390 points to trade at 8.200 at the close. Meanwhile, Dubai Parks and Resorts PJSC (DU:DUBA) added 3.05% or 0.040 points to end at 1.350 and Deyaar Development PJSC (DU:DEYR) was up 2.54% or 0.017 points to 0.687 in late trade.

The worst performers of the session were Union Properties PJSC (DU:UPRO), which fell 1.64% or 0.015 points to trade at 0.900 at the close. National Central Cooling Co. (DU:TABR) declined 1.40% or 0.020 points to end at 1.410 and Gulf Navigation Holding PJSC (DU:GNAV) was down 1.28% or 0.012 points to 0.928.

The top performers on the ADX General were Natl Co Bldg M (AD:BILD) which rose 10.00% to 0.550, Al Khazna Ins (AD:AKIC) which was up 6.06% to settle at 0.350 and National Marine Dredging PSC (AD:NMDC) which gained 3.37% to close at 5.21.

The worst performers were Green Crs Ins (AD:GCIC) which was down 8.70% to 0.840 in late trade, Gulf Cement Co (AD:GCEM) which lost 3.06% to settle at 0.95 and Eshraq Properties Co PJSC (AD:ESHR) which was down 2.30% to 0.8500 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 13 to 12 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 13 rose and 7 declined, while 7 ended unchanged.

Crude oil for May delivery was up 0.64% or 0.26 to $40.62 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.00% or 0.43 to hit $43.26 a barrel, while the June Gold contract rose 0.06% or 0.80 to trade at $1258.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.03% to 4.1890.

The US Dollar Index was down 0.03% at 93.94.

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