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United Arab Emirates shares higher at close of trade; DFM General up 0.31%

Published 05/09/2016, 09:15 pm
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.31%
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Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Finance & Investment, Transport and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.31%, while the ADX General index added 0.89%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 14.96% or 0.104 points to trade at 0.799 at the close. Union Properties PJSC (DU:UPRO) added 4.01% or 0.030 points to end at 0.778 and Gulf General Investments Company (DU:GGIC) was up 3.46% or 0.019 points to 0.568 in late trade.

Biggest losers included Marka Pjse (DU:MARKA), which lost 3.42% or 0.04 points to trade at 1.13 in late trade. Takaful Emarat PSC (DU:TKFE) declined 2.03% or 0.060 points to end at 2.900 and National Central Cooling Co. (DU:TABR) shed 1.95% or 0.030 points to 1.510.

The top performers on the ADX General were Ad Natl Ins Co (AD:ADNI) which rose 4.76% to 2.200, Natl Bk Of Ad (AD:NBAD) which was up 2.73% to settle at 9.40 and Eshraq Properties Co PJSC (AD:ESHR) which gained 2.53% to close at 0.8100.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 6.89% to 4.460 in late trade, Natl Bk Of Rak (AD:RAKB) which lost 4.59% to settle at 5.20 and Finance House (AD:FH) which was down 2.70% to 1.800 at the close.

Advancing stocks outnumbered falling ones by 19 to 9 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 3.13% or 1.38 to $45.53 a barrel. Meanwhile, Brent oil for delivery in November rose 2.52% or 1.18 to hit $48.01 a barrel, while the December Gold contract rose 0.17% or 2.20 to trade at $1330.30 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.03% to 4.0999.

The US Dollar Index was down 0.19% at 95.69.

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