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United Arab Emirates shares higher at close of trade; DFM General up 0.79%

Published 08/11/2016, 11:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 0.79%
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Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Services, Consumer Staples and Finance & Investment sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.79%, while the ADX General index climbed 1.39%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU:TABR), which rose 5.46% or 0.100 points to trade at 1.930 at the close. Amlak Finance PJSC (DU:AMLK) added 3.39% or 0.040 points to end at 1.220 and Arabtec Holding PJSC (DU:ARTC) was up 3.10% or 0.040 points to 1.330 in late trade.

Biggest losers included Emaar Malls (DU:EMAA), which lost 2.27% or 0.060 points to trade at 2.580 in late trade. SHUAA Capital PSC (DU:SHUA) declined 1.63% or 0.020 points to end at 1.210 and Air Arabia PJSC (DU:AIRA) shed 0.78% or 0.010 points to 1.280.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD:ARKN) which rose 10.00% to 0.9900, Dana Gas (AD:DANA) which was up 3.85% to settle at 0.540 and Natl Bk Of Rak (AD:RAKB) which gained 3.47% to close at 5.07.

The worst performers were Rak Cement Co (AD:RKCC) which was down 2.63% to 0.740 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 2.28% to settle at 2.140 and Eshraq Properties Co PJSC (AD:ESHR) which was down 1.09% to 0.9100 at the close.

Advancing stocks outnumbered falling ones by 22 to 13 and 2 ended unchanged; on the Abu Dhabi, 15 rose and 7 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.25% or 0.11 to $45.00 a barrel. Meanwhile, Brent oil for delivery in January rose 0.39% or 0.18 to hit $46.33 a barrel, while the December Gold contract rose 0.41% or 5.25 to trade at $1284.65 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.04% to 4.0565.

The US Dollar Index was down 0.05% at 97.73.

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