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United Arab Emirates stocks higher at close of trade; DFM General up 0.06%

Published 12/10/2017, 06:15 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.06%
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Investing.com – United Arab Emirates stocks were higher after the close on Sunday, as gains in the Real Estate & Construction, Insurance and Banking sectors led shares higher.

At the close in Dubai, the DFM General added 0.06%, while the ADX General index gained 0.42%.

The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 7.41% or 0.080 points to trade at 1.160 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 2.41% or 0.080 points to end at 3.400 and Emaar Malls (DU:EMAA) was up 2.39% or 0.050 points to 2.140 in late trade.

The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 4.35% or 3.00 points to trade at 66.00 at the close. Drake & Scull International PJSC (DU:DSI) declined 1.86% or 0.040 points to end at 2.110 and Gulf Navigation Holding PJSC (DU:GNAV) was down 1.47% or 0.020 points to 1.340.

The top performers on the ADX General were Foodco Holding PJSC (AD:FOOD) which rose 14.88% to 4.94, Commercial Bank International (AD:CBI) which was up 14.29% to settle at 0.880 and National Marine Dredging PSC (AD:NMDC) which gained 10.29% to close at 3.750.

The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 3.15% to 2.150 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.78% to settle at 0.7000 and Sharjah Islami (AD:SIB) which was down 1.46% to 1.350 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 16 and 4 ended unchanged; on the Abu Dhabi, 17 rose and 7 declined, while 5 ended unchanged.

Crude oil for January delivery was up 1.15% or 0.65 to $57.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.82% or 1.13 to hit $63.33 a barrel, while the February Gold Futures contract fell 0.22% or 2.80 to trade at $1250.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.07% to 4.3212.

The US Dollar Index Futures was up 0.10% at 93.84.

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