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

Published 17/12/2017, 11:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.31%

Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services, Banking and Insurance sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.31%, while the ADX General index gained 0.22%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 7.53% or 0.140 points to trade at 2.000 at the close. Amlak Finance PJSC (DU:AMLK) added 3.96% or 0.040 points to end at 1.050 and AJMAN BANK PJSC (DU:AJBNK) was up 2.73% or 0.030 points to 1.130 in late trade.

Biggest losers included SHUAA Capital PSC (DU:SHUA), which lost 1.65% or 0.020 points to trade at 1.190 in late trade. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 1.65% or 0.011 points to end at 0.655 and ARAMEX PJSC (DU:ARMX) shed 1.12% or 0.050 points to 4.410.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 11.11% to 2.500, Ad Natl Energy (AD:TAQA) which was up 5.26% to settle at 0.600 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which gained 5.00% to close at 0.420.

The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 7.86% to 2.110 in late trade, Rak Cement Co (AD:RKCC) which lost 7.35% to settle at 0.630 and Bank Of Sharja (AD:BOS) which was down 1.61% to 1.220 at the close.

Advancing stocks outnumbered falling ones by 22 to 10 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 9 ended unchanged on the Dubai Stock Exchange.

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In commodities trading, Crude oil for February delivery was unchanged 0.00% or 0.00 to $57.33 a barrel. Meanwhile, Brent oil for delivery in February fell 0.13% or 0.08 to hit $63.23 a barrel, while the February Gold Futures contract rose 0.06% or 0.80 to trade at $1257.90 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.17% to 4.3171.

The US Dollar Index Futures was unchanged 0.00% at 93.46.

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