Original source for this article can be found on RT by clicking here
© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.07%© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.07%

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

At the close in Dubai, the added 0.07% to hit a new 1-month high, while the index added 0.62%.

The best performers of the session on the were Mashreqbank PSC (DU:), which rose 8.11% or 6.00 points to trade at 80.00 at the close. Meanwhile, Dubai Islamic Bank (DU:) added 1.14% or 0.070 points to end at 6.190 and Air Arabia PJSC (DU:) was up 0.89% or 0.010 points to 1.130 in late trade.

The worst performers of the session were Takaful Emarat PSC (DU:), which fell 4.35% or 0.090 points to trade at 1.980 at the close. Marka Pjse (DU:) declined 2.01% or 0.01 points to end at 0.73 and Dubai Islamic Insurance Co. (DU:) was down 1.59% or 0.015 points to 0.931.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:) which rose 14.62% to 2.43, Dana Gas (AD:) which was up 2.47% to settle at 0.830 and Gulf Cement Co (AD:) which gained 2.00% to close at 1.0200.

The worst performers were Ad Aviation (AD:) which was down 8.00% to 2.760 in late trade, Rak Ceramics (AD:) which lost 6.32% to settle at 2.370 and Abu Dhabi National for Building Materials Co PJSC (AD:) which was down 4.26% to 0.450 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 23 to 7 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 6 ended unchanged.

Shares in Takaful Emarat PSC (DU:) fell to 52-week lows; down 4.35% or 0.090 to 1.980. Shares in Al Khaleej Investment Co PJSC (AD:) rose to 52-week highs; up 14.62% or 0.31 to 2.43. Shares in Dana Gas (AD:) rose to 3-years highs; up 2.47% or 0.020 to 0.830. Shares in Abu Dhabi National for Building Materials Co PJSC (AD:) fell to 52-week lows; falling 4.26% or 0.020 to 0.450.

Crude oil for October delivery was up 1.08% or 0.53 to $49.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.98% or 0.54 to hit $55.70 a barrel, while the December Gold Futures contract rose 0.02% or 0.28 to trade at $1328.28 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.10% to 4.3699.

The US Dollar Index Futures was down 0.09% at 92.31.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.