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United Arab Emirates stocks higher at close of trade; DFM General up 1.18%

Published 08/04/2016, 07:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 1.18%
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Investing.com – United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Real Estate & Construction and Finance & Investment sectors led shares higher.

At the close in Dubai, the DFM General added 1.18%, while the ADX General index climbed 0.38%.

The best performers of the session on the DFM General were Dubai Parks and Resorts PJSC (DU:DUBA), which rose 4.22% or 0.070 points to trade at 1.730 at the close. Meanwhile, Arabtec Holding PJSC (DU:ARTC) added 3.47% or 0.050 points to end at 1.490 and Islamic Arab Insurance Company (DU:SALAMA) was up 3.40% or 0.017 points to 0.517 in late trade.

The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 2.04% or 0.013 points to trade at 0.625 at the close. Takaful Emarat PSC (DU:TKFE) declined 0.66% or 0.020 points to end at 3.000 and ARAMEX PJSC (DU:ARMX) was down 0.25% or 0.010 points to 3.990.

The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 7.69% to 0.420, Int Fish Farmi (AD:ASMK) which was up 4.61% to settle at 1.59 and Ad Commercial (AD:ADCB) which gained 2.87% to close at 6.81.

The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 5.74% to 4.600 in late trade, Buhaira Nat In (AD:ABNI) which lost 4.80% to settle at 2.380 and Natl Bk Of Rak (AD:RAKB) which was down 2.97% to 4.90 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 5 and 5 ended unchanged; on the Abu Dhabi Stock Exchange, 12 fell and 6 advanced, while 10 ended unchanged.

Shares in Dubai Parks and Resorts PJSC (DU:DUBA) rose to all time highs; rising 4.22% or 0.070 to 1.730. Shares in Natl Bk Of Rak (AD:RAKB) fell to 3-years lows; down 2.97% or 0.15 to 4.90.

Crude oil for September delivery was down 0.24% or 0.10 to $40.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.67% or 0.29 to hit $42.81 a barrel, while the December Gold contract rose 0.26% or 3.50 to trade at $1368.20 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.16% to 4.0881.

The US Dollar Index was up 0.25% at 95.73.

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