United Arab Emirates shares higher at close of trade; DFM General up 0.02%

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United Arab Emirates shares higher at close of trade; DFM General up 0.02%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Finance & Investment , Real Estate & Construction and Insurance sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.02%, while the ADX General index added 1.11%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 9.63% or 0.180 points to trade at 2.050 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 2.72% or 0.090 points to end at 3.400 and Arabtec Holding PJSC (DU: ARTC ) was up 2.15% or 0.050 points to 2.380 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 6.25% or 4.60 points to trade at 69.00 in late trade. ARAMEX PJSC (DU: ARMX ) declined 1.67% or 0.080 points to end at 4.720 and Emaar Malls (DU: EMAA ) shed 1.41% or 0.030 points to 2.100.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 3.23% to 8.00, Rak Cement Co (AD: RKCC ) which was up 3.17% to settle at 0.650 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 3.08% to close at 0.6700.

The worst performers were Union Cement (AD: UCC ) which was down 8.57% to 1.280 in late trade, Foodco Holding PJSC (AD: FOOD ) which lost 8.51% to settle at 4.30 and Finance House (AD: FH ) which was down 5.46% to 1.730 at the close.

Declining stocks outnumbered rising ones by 15 to 12 and 12 ended unchanged; on the Abu Dhabi, 14 fell and 13 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.69% or 0.40 to $57.22 a barrel. Meanwhile, Brent oil for delivery in February fell 0.56% or 0.35 to hit $62.51 a barrel, while the February Gold Futures contract rose 0.43% or 5.50 to trade at $1270.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.02% to 4.3427.

The US Dollar Index Futures was up 0.08% at 93.34.

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