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United Arab Emirates shares higher at close of trade; DFM General up 0.17%

Published 2018-07-08, 07:15 a/m
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.17%
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Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services, Consumer Staples and Telecoms sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.17%, while the ADX General index added 0.27%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 4.65% or 0.060 points to trade at 1.350 at the close. SHUAA Capital PSC (DU:SHUA) added 1.89% or 0.020 points to end at 1.080 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was up 1.48% or 0.005 points to 0.342 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU:GNAV), which lost 2.65% or 0.026 points to trade at 0.954 in late trade. Emaar Development PJSC (DU:EMAARDEV) declined 1.54% or 0.080 points to end at 5.100 and ARAMEX PJSC (DU:ARMX) shed 1.44% or 0.060 points to 4.100.

The top performers on the ADX General were Methaq (AD:METH) which rose 3.95% to 0.790, Arkan Building Materials Co PJSC (AD:ARKN) which was up 3.45% to settle at 0.6000 and Emirates Telec (AD:ETEL) which gained 1.81% to close at 16.90.

The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.90% to 1.820 in late trade, National Bank of Fujairah PJSC (AD:NBF) which lost 9.73% to settle at 3.06 and Rak Cmt & Cons (AD:RAKC) which was down 8.93% to 1.020 at the close.

Advancing stocks outnumbered falling ones by 15 to 13 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.33% or 0.97 to $73.91 a barrel. Meanwhile, Brent oil for delivery in September fell 0.34% or 0.26 to hit $77.13 a barrel, while the August Gold Futures contract fell 0.23% or 2.90 to trade at $1255.90 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.48% to 4.3147.

The US Dollar Index Futures was down 0.39% at 93.76.

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