United Arab Emirates stocks higher at close of trade; DFM General up 1.01%

© Reuters.  United Arab Emirates stocks higher at close of trade; DFM General up 1.01%© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 1.01%

Investing.com – United Arab Emirates stocks were higher after the close on Sunday, as gains in the , and sectors led shares higher.

At the close in Dubai, the added 1.01% to hit a new 3-months high, while the index climbed 0.13%.

The best performers of the session on the were Damac Properties Dubai Co PSC (DU:), which rose 6.48% or 0.260 points to trade at 4.270 at the close. Meanwhile, SHUAA Capital PSC (DU:) added 3.28% or 0.040 points to end at 1.260 and AJMAN BANK PJSC (DU:) was up 2.63% or 0.030 points to 1.170 in late trade.

The worst performers of the session were Emaar Malls (DU:), which fell 1.19% or 0.030 points to trade at 2.490 at the close. Marka Pjse (DU:) declined 0.69% or 0.01 points to end at 0.71 and DXB Entertainments (P.J.S.C.) (DU:) was down 0.40% or 0.003 points to 0.755.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:) which rose 6.67% to 3.20, Sharjah Cement AD (AD:) which was up 5.83% to settle at 1.090 and Nat Bk Qaiwain (AD:) which gained 5.08% to close at 3.10.

The worst performers were Rak Cement Co (AD:) which was down 4.94% to 0.770 in late trade, Dana Gas (AD:) which lost 1.47% to settle at 0.670 and Rak Ceramics (AD:) which was down 1.26% to 2.350 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 23 to 10 and 5 ended unchanged; on the Abu Dhabi, 13 rose and 6 declined, while 9 ended unchanged.

Shares in Damac Properties Dubai Co PSC (DU:) rose to all time highs; gaining 6.48% or 0.260 to 4.270.

Crude oil for August delivery was up 1.00% or 0.46 to $ 46.54 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.30% or 0.63 to hit $ 49.05 a barrel, while the August Gold Futures contract rose 0.95% or 11.58 to trade at $ 1228.88 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.63% to 4.2131.

The US Dollar Index Futures was down 0.69% at 94.90.

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