United Arab Emirates stocks higher at close of trade; DFM General up 0.32%
Investing.com
Published Aug 02, 2017 07:15AM ET
Updated Aug 02, 2017 11:10AM ET
United Arab Emirates stocks higher at close of trade; DFM General up 0.32%
Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Consumer Staples, Finance & Investment and Transport sectors led shares higher.
At the close in Dubai, the DFM General added 0.32% to hit a new 3-months high, while the ADX General index climbed 1.02%.
The best performers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU:DXBE), which rose 7.39% or 0.058 points to trade at 0.843 at the close. Meanwhile, Amlak Finance PJSC (DU:AMLK) added 2.63% or 0.030 points to end at 1.170 and Dubai Investments PJSC (DU:DINV) was up 2.48% or 0.060 points to 2.480 in late trade.
The worst performers of the session were Commercial Bank of Dubai P.S.C. (DU:CBD), which fell 9.80% or 0.440 points to trade at 4.050 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) declined 2.40% or 0.140 points to end at 5.700 and Gulf General Investments Company (DU:GGIC) was down 2.03% or 0.008 points to 0.386.
The top performers on the ADX General were Commercial Bank International (AD:CBI) which rose 14.85% to 1.160, Sharjah Cement AD (AD:SCID) which was up 9.00% to settle at 1.090 and Methaq (AD:METH) which gained 6.98% to close at 0.920.
The worst performers were Gulf Medical Projects Co PSC (AD:GMPC) which was down 10.00% to 2.70 in late trade, Al Khazna Ins (AD:AKIC) which lost 8.57% to settle at 0.320 and Sharjah Islami (AD:SIB) which was down 2.14% to 1.370 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 13 and 6 ended unchanged; on the Abu Dhabi, 12 rose and 10 declined, while 8 ended unchanged.
Shares in Commercial Bank of Dubai P.S.C. (DU:CBD) fell to 3-years lows; falling 9.80% or 0.440 to 4.050. Shares in Al Khazna Ins (AD:AKIC) fell to 52-week lows; down 8.57% or 0.030 to 0.320.
Crude oil for September delivery was unchanged 0.00% or 0.00 to $49.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.15% or 0.08 to hit $51.86 a barrel, while the August Gold Futures contract fell 0.22% or 2.81 to trade at $1269.79 a troy ounce.
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USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.48% to 4.3556.
The US Dollar Index Futures was down 0.30% at 92.64.
Written By: Investing.com
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