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United Arab Emirates shares higher at close of trade; DFM General up 1.80%

Published 05/10/2015, 12:15
© Reuters.  United Arab Emirates shares higher at close of trade; DFM General up 1.80%
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Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Consumer Staples, Real Estate & Construction and Finance & Investment sectors propelled shares higher.

At the close in Dubai, the DFM General added 1.80%, while the ADX General index added 1.04%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU:DFM), which rose 4.17% or 0.070 points to trade at 1.750 at the close. Emaar Properties PJSC (DU:EMAR) added 3.71% or 0.240 points to end at 6.710 and Dubai Parks and Resorts PJSC (DU:DUBA) was up 3.28% or 0.040 points to 1.260 in late trade.

Biggest losers included National Cement Company P.S.C. (DU:NCC), which lost 4.61% or 0.160 points to trade at 3.310 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 3.56% or 0.024 points to end at 0.650 and ARAMEX PJSC (DU:ARMX) shed 0.62% or 0.020 points to 3.210.

The top performers on the ADX General were Aldar Properti (AD:ALDR) which rose 2.95% to 2.44, Ad Commercial (AD:ADCB) which was up 2.61% to settle at 7.86 and Al Khazna Ins (AD:AKIC) which gained 2.56% to close at 0.400.

The worst performers were Ad Aviation (AD:ADAV) which was down 6.04% to 2.80 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 3.33% to settle at 2.61 and Rak Cement Co (AD:RKCC) which was down 2.35% to 0.830 at the close.

Advancing stocks outnumbered falling ones by 22 to 3; on the Abu Dhabi, 15 rose and 9 declined, while 1 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.26% or 0.57 to $46.12 a barrel. Meanwhile, Brent oil for delivery in November rose 1.35% or 0.65 to hit $48.78 a barrel, while the December Gold contract fell 0.40% or 4.60 to trade at $1132.00 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.26% to 4.1280.

The US Dollar Index was down 0.18% at 95.87.

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