Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates shares higher at close of trade; DFM General up 0.49%

Published 2018-08-29, 07:15 a/m
Updated 2018-08-29, 07:15 a/m
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.49%

© Reuters. United Arab Emirates shares higher at close of trade; DFM General up 0.49%

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Transport, Real Estate & Construction and Banking sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.49%, while the ADX General index gained 0.13%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 4.15% or 0.027 points to trade at 0.677 at the close. Gulf General Investments Company (DU:GGIC) added 2.64% or 0.007 points to end at 0.272 and Air Arabia PJSC (DU:AIRA) was up 1.98% or 0.020 points to 1.030 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU:GNAV), which lost 3.77% or 0.035 points to trade at 0.893 in late trade. Amlak Finance PJSC (DU:AMLK) declined 2.69% or 0.018 points to end at 0.650 and AJMAN BANK PJSC (DU:AJBNK) shed 2.43% or 0.023 points to 0.925.

The top performers on the ADX General were Ad Aviation (AD:ADAV) which rose 5.36% to 2.950, Rak Ceramics (AD:RKCE) which was up 5.26% to settle at 2.400 and International Holding Company PJSC (AD:IHC) which gained 5.04% to close at 1.25.

The worst performers were Emirates Ins C (AD:EIC) which was down 9.72% to 6.50 in late trade, National Takaful Co PJSC (AD:WATA) which lost 8.33% to settle at 0.55 and Rak Cement Co (AD:RKCC) which was down 7.79% to 0.710 at the close.

Declining stocks outnumbered rising ones by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.55% or 0.38 to $68.91 a barrel. Meanwhile, Brent oil for delivery in November rose 0.31% or 0.24 to hit $76.53 a barrel, while the December Gold Futures contract fell 0.41% or 5.00 to trade at $1209.40 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.32% to 4.2818.

The US Dollar Index Futures was up 0.19% at 94.81.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.