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United Arab Emirates shares higher at close of trade; DFM General up 0.43%

Published 2017-06-13, 07:15 a/m
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.43%
FCEM
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Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Real Estate & Construction, Insurance and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.43% to hit a new 1-month high, while the ADX General index gained 0.58%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU:DEYR), which rose 3.92% or 0.020 points to trade at 0.530 at the close. Takaful House (DU:DTKF) added 2.78% or 0.030 points to end at 1.110 and Amlak Finance PJSC (DU:AMLK) was up 2.20% or 0.021 points to 0.975 in late trade.

Biggest losers included National Central Cooling Co. (DU:TABR), which lost 2.11% or 0.040 points to trade at 1.860 in late trade. SHUAA Capital PSC (DU:SHUA) declined 1.36% or 0.020 points to end at 1.450 and Emaar Malls (DU:EMAA) shed 1.17% or 0.030 points to 2.530.

The top performers on the ADX General were Dana Gas (AD:DANA) which rose 15.00% to 0.690, Fujairah Cement Industries Co PSC (AD:FCI) which was up 12.37% to settle at 1.090 and Al Khazna Ins (AD:AKIC) which gained 9.76% to close at 0.450.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 8.33% to 0.550 in late trade, First Abu Dhabi Bank PJSC (AD:FAB) which lost 0.46% to settle at 10.80 and Ad Islamic Bk (AD:ADIB) which was down 0.28% to 3.610 at the close.

Advancing stocks outnumbered falling ones by 20 to 13 and 6 ended unchanged; on the Abu Dhabi, 19 rose and 3 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.30% or 0.14 to $46.22 a barrel. Meanwhile, Brent oil for delivery in August rose 0.31% or 0.15 to hit $48.44 a barrel, while the August Gold Futures contract fell 0.30% or 3.86 to trade at $1265.04 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.05% to 4.1173.

The US Dollar Index Futures was down 0.15% at 97.00.

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