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United Arab Emirates stocks higher at close of trade; DFM General up 1.83%

Published 04/15/2018, 07:15 AM
Updated 04/15/2018, 07:20 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 1.83%
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Investing.com – United Arab Emirates stocks were higher after the close on Sunday, as gains in the Services, Finance & Investment and Banking sectors led shares higher.

At the close in Dubai, the DFM General added 1.83%, while the ADX General index gained 1.00%.

The best performers of the session on the DFM General were National Central Cooling Co. (DU:TABR), which rose 4.79% or 0.080 points to trade at 1.750 at the close. Meanwhile, Dubai Islamic Bank (DU:DISB) added 2.93% or 0.160 points to end at 5.620 and Emaar Properties PJSC (DU:EMAR) was up 2.93% or 0.170 points to 5.980 in late trade.

The worst performers of the session were Marka Pjse (DU:MARKA), which fell 9.78% or 0.04 points to trade at 0.41 at the close. Drake & Scull International PJSC (DU:DSI) declined 1.14% or 0.020 points to end at 1.730 and Dubai Islamic Insurance Co. (DU:AMAN) was 0.00% or 0.000 points to 0.684.

The top performers on the ADX General were Rak Properties (AD:RPRO) which rose 3.08% to 0.670, Aldar Properti (AD:ALDR) which was up 2.91% to settle at 2.120 and Ad Aviation (AD:ADAV) which gained 2.77% to close at 2.970.

The worst performers were Sharjah Islami (AD:SIB) which was down 9.60% to 1.130 in late trade, Rak Cement Co (AD:RKCC) which lost 7.79% to settle at 0.710 and Gulf Cement Co (AD:GCEM) which was down 7.41% to 1.0000 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 27 to 6 and 5 ended unchanged; on the Abu Dhabi, 18 rose and 11 declined, while 3 ended unchanged.

Shares in Marka Pjse (DU:MARKA) fell to all time lows; down 9.78% or 0.04 to 0.41. Shares in Sharjah Islami (AD:SIB) fell to 52-week lows; falling 9.60% or 0.120 to 1.130.

Crude oil for May delivery was up 0.39% or 0.26 to $67.33 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.76% or 0.55 to hit $72.57 a barrel, while the June Gold Futures contract rose 0.44% or 5.90 to trade at $1347.80 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.06% to 4.5311.

The US Dollar Index Futures was up 0.02% at 89.51.

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