Dubai Financial Market Dubai Financial Market

3,672.77 27.33 0.75 %

UAE stocks higher at close of trade; DFM General up 0.80%

(10/11/2017 6:53:00 PM)

United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Finance & Investment, Real Estate & Construction and Insurance sectors led shares higher. At the close in Dubai, the DFM General gained 0.80%, while the ADX General index gained 0.96%.

The best performers of the session on the DFM General were Takaful House (DU:DTKF), which rose 4.29% or 0.042 points to trade at 1.020 at the close. Meanwhile, Takaful Emarat PSC (DU:TKFE) added 4.21% or 0.080 points to end at 1.980 and Amlak Finance PJSC (DU:AMLK) was up 2.75% or 0.030 points to 1.120 in late trade.

The worst performers of the session were Gulf Navigation Holding PJSC (DU:GNAV), which fell 4.67% or 0.070 points to trade at 1.430 at the close. Drake & Scull International PJSC (DU:DSI) declined 2.58% or 0.050 points to end at 1.890 and Gulf General Investments Company (DU:GGIC) was down 2.17% or 0.009 points to 0.405.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD:ARKN) which rose 12.31% to 0.7300, Sharjah Cement AD (AD:SCID) which was up 3.77% to settle at 1.100 and International Holding Company PJSC (AD:IHC) which gained 2.72% to close at 1.51.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD:RAKP) which was down 10.00% to 3.33 in late trade, Foodco Holding PJSC (AD:FOOD) which lost 9.96% to settle at 4.70 and Rak Cmt & Cons (AD:RAKC) which was down 9.26% to 0.980 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 22 to 9 and 4 ended unchanged; on the Abu Dhabi, 15 rose and 10 declined, while 3 ended unchanged.

Crude oil for November delivery was up 0.69% or 0.35 to $51.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.30% or 0.17 to hit $56.78 a barrel, while the December Gold Futures contract fell 0.15% or 1.95 to trade at $1291.85 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.08% to 4.3423.

The US Dollar Index Futures was down 0.06% at 93.03.

Investing.com