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United Arab Emirates shares higher at close of trade; DFM General up 0.43%

Published 27/11/2016, 10:15 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.43%
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Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Real Estate & Construction, Services and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.43%, while the ADX General index added 0.59%.

The biggest gainers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 11.36% or 0.095 points to trade at 0.931 at the close. Deyaar Development PJSC (DU:DEYR) added 6.27% or 0.034 points to end at 0.576 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 5.12% or 0.110 points to 2.260 in late trade.

Biggest losers included National Cement Company P.S.C. (DU:NCC), which lost 10.00% or 0.320 points to trade at 2.880 in late trade. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 5.84% or 0.090 points to end at 1.450 and Arabtec Holding PJSC (DU:ARTC) shed 1.52% or 0.020 points to 1.300.

The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 7.80% to 1.52, Ad Natl Ins Co (AD:ADNI) which was up 7.05% to settle at 2.580 and Al Khazna Ins (AD:AKIC) which gained 5.56% to close at 0.380.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 10.00% to 3.960 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 3.74% to settle at 1.0300 and Rak Ceramics (AD:RKCE) which was down 2.08% to 2.350 at the close.

Advancing stocks outnumbered falling ones by 19 to 16 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 11 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 4.11% or 1.97 to $45.99 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $48.24 a barrel, while the December Gold contract fell 0.53% or 6.30 to trade at $1183.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.43% to 3.8927.

The US Dollar Index was down 0.28% at 101.48.

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