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United Arab Emirates stocks higher at close of trade; DFM General up 0.65%

Published 2015-09-15, 07:15 a/m
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.65%
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Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Consumer Staples, Finance & Investment and Real Estate & Construction sectors led shares higher.

At the close in Dubai, the DFM General rose 0.65%, while the ADX General index added 0.42%.

The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 9.03% or 0.130 points to trade at 1.570 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 3.53% or 0.12 points to end at 3.52 and Dubai Parks and Resorts PJSC (DU:DUBA) was up 2.86% or 0.030 points to 1.080 in late trade.

The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 3.33% or 0.040 points to trade at 1.160 at the close. AJMAN BANK PJSC (DU:AJBNK) declined 2.31% or 0.040 points to end at 1.690 and Emirates NBD PJSC (DU:ENBD) was down 2.08% or 0.180 points to 8.470.

The top performers on the ADX General were Methaq (AD:METH) which rose 4.40% to 0.950, Ad Shipbldg Co (AD:ADSB) which was up 3.32% to settle at 3.01 and Rak Cement Co (AD:RKCC) which gained 2.41% to close at 0.850.

The worst performers were Rak Ceramics (AD:RKCE) which was down 4.29% to 3.35 in late trade, Natl Bk Of Ad (AD:NBAD) which lost 3.13% to settle at 9.60 and Al Khazna Ins (AD:AKIC) which was down 2.50% to 0.400 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 15 to 9; on the Abu Dhabi Stock Exchange, 14 rose and 6 declined.

Crude oil for October delivery was up 0.85% or 0.38 to $44.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.53% or 0.25 to hit $47.60 a barrel, while the December Gold contract fell 0.35% or 3.90 to trade at $1103.80 a troy ounce.

USD/AED was up 0.02% to 3.6731, while EUR/AED fell 0.04% to 4.1548.

The US Dollar Index was unchanged 0.00% at 95.38.

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