DUBAI, Aug. 16 (Xinhua) -- The Abu Dhabi stock market index ADXGI gained 0.42 percent to close at 4,906.87, while its sister market DFMGI lost 0.52 percent to end at 2,803.32 on Thursday, the last trading day before the Islamic weekend.
This followed days packed with corporate earnings reports of the United Arab Emirates (UAE) listed companies.
At the ADX, exchange bellwether Abu Dhabi National Oil Corporation, known as Taqa (Arabic for "energy"), jumped 6.19 percent to hit 1.20 dirham (0.33 U.S. dollar).
The price of oil (Brent) regained ground on Thursday following news that a Chinese delegation led by Vice Minister of Commerce Wang Shouwen will, at the invitation of the U.S. side, visit the U.S. in late August to discuss their trade dispute.
The shares of pharmaceutical giant Julphar closed unchanged.
Earlier in the day, Julphar said it generated a net profit of 48 million dollars in the first six months, up from 17.42 million dollars in the same period in 2017.
In Dubai, equity bellwether Emaar Properties slipped 0.20 percent to hit 5.01 dirham, representing a five-week low.
Earlier in the week, Emaar said its half-year net profit grew by 18 percent to 910 million dollars, prior to considering the effect of the going public of its subsidiary Emaar Development, compared to the net profit of 772 million dollars during the same period in 2017.
Emaar, developer of the world's tallest vertical building Burj Khalifa (828 meters), is currently building the Dubai Creek Tower which upon completion by 2020 shall surpass the Burj Khalifa in height.
On the Nasdaq Dubai, the international capital market of the UAE, DP World gained 0.92 percent to reach 21.90 dollars.
Earlier in the day, the DP World said its six-month profit for 2018 climbed 5.2 percent year on year to 593 million dollars.
"This robust performance has been delivered in an uncertain trade environment, once again highlighting our operational excellence and the resilience of our portfolio," said Sultan Ahmed Bin Sulayem, DP World's chairman and CEO. Enditem
