Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Telecoms, Insurance and Transport sectors propelled shares higher.
At the close in Dubai, the DFM General added 0.32%, while the ADX General index gained 1.67%.
The biggest gainers of the session on the DFM General were Takaful House (DU:DTKF), which rose 14.29% or 0.160 points to trade at 1.280 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 4.65% or 0.028 points to end at 0.630 and Islamic Arab Insurance Company (DU:SALAMA) was up 2.96% or 0.015 points to 0.521 in late trade.
Biggest losers included Mashreqbank PSC (DU:MASB), which lost 4.62% or 3.00 points to trade at 62.00 in late trade. Takaful Emarat PSC (DU:TKFE) declined 3.05% or 0.080 points to end at 2.540 and Union Properties PJSC (DU:UPRO) shed 0.88% or 0.010 points to 1.130.
The top performers on the ADX General were Gulf Cement Co (AD:GCEM) which rose 11.11% to 1.0000, Rak Cmt & Cons (AD:RAKC) which was up 10.81% to settle at 1.230 and Green Crs Ins (AD:GCIC) which gained 9.38% to close at 0.700.
The worst performers were Al Khazna Ins (AD:AKIC) which was down 2.70% to 0.360 in late trade, Rak Ceramics (AD:RKCE) which lost 2.00% to settle at 2.450 and Gulf Pharm Ind (AD:GPHI) which was down 1.36% to 2.170 at the close.
Advancing stocks outnumbered falling ones by 19 to 15 and 9 ended unchanged; on the Abu Dhabi, 20 rose and 6 declined, while 11 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for February delivery was down 0.30% or 0.16 to $53.90 a barrel. Meanwhile, Brent oil for delivery in March rose 0.16% or 0.09 to hit $57.05 a barrel, while the February Gold contract rose 0.59% or 6.75 to trade at $1147.65 a troy ounce.
USD/AED was down 0.01% to 3.6729, while EUR/AED rose 0.56% to 3.8466.
The US Dollar Index was down 0.48% at 102.74.