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United Arab Emirates shares higher at close of trade; DFM General up 0.58%

Published 2018-03-29, 07:15 a/m
Updated 2018-03-29, 07:15 a/m
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.58%

Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Consumer Staples, Transport and Services sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.58%, while the ADX General index climbed 0.76%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU:NCC), which rose 9.68% or 0.300 points to trade at 3.400 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) added 6.11% or 0.028 points to end at 0.486 and ARAMEX PJSC (DU:ARMX) was up 3.29% or 0.140 points to 4.400 in late trade.

Biggest losers included Emirate Integrated Telecom Co PJSC (DU:DU), which lost 4.80% or 0.240 points to trade at 4.760 in late trade. Marka Pjse (DU:MARKA) declined 2.92% or 0.01 points to end at 0.47 and Air Arabia PJSC (DU:AIRA) shed 0.87% or 0.010 points to 1.140.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD:NBF) which rose 12.83% to 2.99, Ad Aviation (AD:ADAV) which was up 6.92% to settle at 3.090 and Ad Natl Energy (AD:TAQA) which gained 6.67% to close at 0.800.

The worst performers were Ad Islamic Bk (AD:ADIB) which was down 7.94% to 3.710 in late trade, Invest Bank AD (AD:INVB) which lost 4.00% to settle at 2.400 and Aldar Properti (AD:ALDR) which was down 3.62% to 2.130 at the close.

Advancing stocks outnumbered falling ones by 26 to 7 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 8 ended unchanged on the Dubai Stock Exchange.

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In commodities trading, Crude oil for May delivery was down 0.11% or 0.07 to $64.31 a barrel. Meanwhile, Brent oil for delivery in June fell 0.55% or 0.38 to hit $68.38 a barrel, while the April Gold Futures contract rose 0.15% or 2.00 to trade at $1326.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.09% to 4.5248.

The US Dollar Index Futures was down 0.09% at 89.68.

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