UNITED ARAB EMIRATES STOCKS HIGHER AT CLOSE OF TRADE; DFM GENERAL UP 0.04%
FOREX INVESTORS United Arab Emirates stocks were higher after the close on Sunday, as gains in the Services, Insurance and Real Estate&Construction sectors led shares higher.
At the close in Dubai, the DFM General gained 0.04%, while the ADX General index added 0.32%.
The best performers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 7.43% or 0.240 points to trade at 3.470 at the close. Meanwhile, Drake&Scull International PJSC (DU:DSI) added 2.92% or 0.011 points to end at 0.388 and Takaful House (DU:DTKF) was up 1.82% or 0.020 points to 1.120 in late trade.
The worst performers of the session were Gulf Navigation Holding PJSC (DU:GNAV), which fell 2.76% or 0.040 points to trade at 1.410 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 1.34% or 0.010 points to end at 0.737 and Marka Pjse (DU:MARKA) was down 1.29% or 0.01 points to 0.69.
The top performers on the ADX General were Union Cement (AD:UCC) which rose 11.57% to 1.350, Rak Cement Co (AD:RKCC) which was up 6.67% to settle at 0.800 and Ad Natl Energy (AD:TAQA) which gained 4.00% to close at 0.520.
The worst performers were Bank Of Sharja (AD:BOS) which was down 3.08% to 1.260 in late trade, Agthia Group (AD:AGTH) which lost 1.27% to settle at 5.43 and Methaq(AD:METH) which was down 1.16% to 0.850 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 17 to 15 and 2 ended unchanged; on the Abu Dhabi, 10 rose and 6 declined, while 8 ended unchanged.
Shares in DXB Entertainments (P.J.S.C.) (DU:DXBE) fell to 52-week lows; losing 1.34% or 0.010 to 0.737. Shares in Marka Pjse (DU:MARKA) fell to all time lows; losing 1.29% or 0.01 to 0.69. Shares in Union Cement (AD:UCC) rose to 52-week highs; rising 11.57% or 0.140 to 1.350.
Crude oil for August delivery was down 2.55% or 1.16 to $44.36 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 2.66% or 1.28 to hit $46.83 a barrel, while the August Gold Futures contract fell 0.93% or 11.32 to trade at $1211.98 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.21% to 4.1870.