United Arab Emirates stocks higher at close of trade; DFM General up 0.82%

17/07/2017 11:15:00 Stock Market

United Arab Emirates stocks were higher after the close on Monday, as gains in the Consumer Staples, Real Estate&Construction and Services sectors led shares higher.

At the close in Dubai, the DFM General added 0.82% to hit a new 3-months high, while the ADX General index added 1.14%.

The best performers of the session on the DFM General were Damac Properties Dubai Co PSC (DU:DAMAC), which rose 3.75% or 0.160 points to trade at 4.430 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 3.36% or 0.015 points to end at 0.462 and Marka Pjse (DU:MARKA) was up 1.96% or 0.01 points to 0.73 in late trade.

The worst performers of the session were National General Insurance Co PSC (DU:NGIN), which fell 9.57% or 0.22 points to trade at 2.08 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.17% or 0.040 points to end at 1.220 and AJMAN BANK PJSC (DU:AJBNK) was down 1.71% or 0.020 points to 1.150.

The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 2.94% to 1.400, First Abu Dhabi Bank PJSC (AD:FAB) which was up 2.84% to settle at 10.85 and Ad Natl Ins Co (AD:ADNI) which gained 1.67% to close at 3.050.

The worst performers were Nat Bk Qaiwain (AD:NBQ) which was down 6.45% to 2.90 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 3.77% to settle at 2.300 and Finance House (AD:FH) which was down 3.61% to 1.600 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 25 to 10 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 8 ended unchanged.

Shares in Damac Properties Dubai Co PSC (DU:DAMAC) rose to all time highs; up 3.75% or 0.160 to 4.430.

Crude oil for August delivery was down 0.26% or 0.12 to $46.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.12% or 0.06 to hit $48.85 a barrel, while the August Gold Futures contract rose 0.31% or 3.77 to trade at $1231.27 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.03% to 4.2118.

The US Dollar Index Futures was up 0.05% at 94.95.

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