United Arab Emirates shares higher at close of trade; DFM General up 0.06%

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United Arab Emirates shares higher at close of trade; DFM General up 0.06%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.06%, while the ADX General index climbed 0.30%.

The biggest gainers of the session on the DFM General were Union Properties PJSC (DU: UPRO ), which rose 3.76% or 0.033 points to trade at 0.910 at the close. Drake & Scull International PJSC (DU: DSI ) added 1.60% or 0.030 points to end at 1.900 and Emaar Properties PJSC (DU: EMAR ) was up 1.05% or 0.090 points to 8.690 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU: SALAMA ), which lost 3.57% or 0.020 points to trade at 0.541 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 2.52% or 0.030 points to end at 1.160 and Gulf General Investments Company (DU: GGIC ) shed 2.30% or 0.010 points to 0.425.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 5.26% to 2.000, Waha Capital (AD: WAHA ) which was up 2.30% to settle at 1.780 and Union Natl Bk (AD: UNB ) which gained 2.14% to close at 4.290.

The worst performers were Agthia Group (AD: AGTH ) which was down 1.32% to 5.25 in late trade, Emirates Telec (AD: ETEL ) which lost 0.84% to settle at 17.75 and Sharjah Islami (AD: SIB ) which was down 0.72% to 1.380 at the close.

Declining stocks outnumbered rising ones by 22 to 9 and 7 ended unchanged; on the Abu Dhabi, 10 rose and 4 declined, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.37% or 0.19 to $52.07 a barrel. Meanwhile, Brent oil for delivery in December rose 0.60% or 0.35 to hit $58.23 a barrel, while the December Gold Futures contract fell 0.33% or 4.21 to trade at $1281.99 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.12% to 4.3168.

The US Dollar Index Futures was up 0.20% at 93.55.

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