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United Arab Emirates shares higher at close of trade; DFM General unchanged

Published 21/05/2018, 09:15 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General unchanged
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Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Transport, Consumer Staples and Services sectors propelled shares higher.

At the close in Dubai, the DFM General unchanged 0.00%, while the ADX General index added 0.73%.

The biggest gainers of the session on the DFM General were Emaar Development PJSC (DU:EMAARDEV), which unchanged 0.00% or 0.000 points to trade at 5.570 at the close. AJMAN BANK PJSC (DU:AJBNK) unchanged 0.00% or 0.000 points to end at 0.989 and Dubai Islamic Insurance Co. (DU:AMAN) was unchanged 0.00% or 0.000 points to 0.684 in late trade.

Biggest losers included Emaar Development PJSC (DU:EMAARDEV), which unchanged 0.00% or 0.000 points to trade at 5.570 in late trade. AJMAN BANK PJSC (DU:AJBNK) unchanged 0.00% or 0.000 points to end at 0.989 and Dubai Islamic Insurance Co. (DU:AMAN) 0.00% or 0.000 points to 0.684.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 15.00% to 2.530, National Marine Dredging PSC (AD:NMDC) which was up 14.68% to settle at 2.890 and Rak Cement Co (AD:RKCC) which gained 6.94% to close at 0.770.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) which was down 9.60% to 1.79 in late trade, National Takaful Co PJSC (AD:WATA) which lost 8.93% to settle at 0.51 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 8.06% to 0.570 at the close.

Declining stocks outnumbered rising ones by 3 to 1; on the Abu Dhabi, 15 rose and 11 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.18% or 0.13 to $71.50 a barrel. Meanwhile, Brent oil for delivery in July fell 0.05% or 0.04 to hit $78.47 a barrel, while the June Gold Futures contract fell 0.61% or 7.90 to trade at $1283.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.17% to 4.3154.

The US Dollar Index Futures was up 0.24% at 93.80.

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