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United Arab Emirates stocks higher at close of trade; DFM General up 0.48%

Published 01/17/2018, 06:15 AM
Updated 01/17/2018, 06:20 AM
© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 0.48%

© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.48%

Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Services, Telecoms and Finance & Investment sectors led shares higher.

At the close in Dubai, the DFM General gained 0.48% to hit a new 1-month high, while the ADX General index gained 0.42%.

The best performers of the session on the DFM General were Emaar Malls (DU:EMAA), which rose 2.17% or 0.050 points to trade at 2.350 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 1.90% or 0.016 points to end at 0.859 and AJMAN BANK PJSC (DU:AJBNK) was up 1.75% or 0.020 points to 1.160 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 6.50% or 0.130 points to trade at 1.870 at the close. Gulf Navigation Holding PJSC (DU:GNAV) declined 1.77% or 0.020 points to end at 1.110 and SHUAA Capital PSC (DU:SHUA) was down 1.69% or 0.020 points to 1.160.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 7.02% to 0.610, Gulf Pharm Ind (AD:GPHI) which was up 2.97% to settle at 2.430 and Bank Of Sharja (AD:BOS) which gained 2.50% to close at 1.230.

The worst performers were Abd Nat Takafu (AD:TKFL) which was down 9.90% to 4.64 in late trade, Commercial Bank International (AD:CBI) which lost 9.37% to settle at 0.870 and Rak Cmt & Cons (AD:RAKC) which was down 9.09% to 1.000 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 17 and 5 ended unchanged; on the Abu Dhabi, 19 fell and 11 advanced, while 6 ended unchanged.

Crude oil for February delivery was down 0.55% or 0.35 to $63.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.69% or 0.48 to hit $68.67 a barrel, while the February Gold Futures contract rose 0.07% or 0.90 to trade at $1338.00 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.18% to 4.4931.

The US Dollar Index Futures was up 0.18% at 90.39.

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