United Arab Emirates shares higher at close of trade; DFM General up 0.25%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.25%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Banking , Consumer Staples and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.25%, while the ADX General index climbed 1.00%.

The biggest gainers of the session on the DFM General were Dubai Islamic Bank (DU: DISB ), which rose 2.43% or 0.130 points to trade at 5.480 at the close. Emaar Properties PJSC (DU: EMAR ) added 1.25% or 0.070 points to end at 5.660 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 0.98% or 0.010 points to 1.030 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 9.76% or 0.028 points to trade at 0.259 in late trade. ARAMEX PJSC (DU: ARMX ) declined 3.26% or 0.140 points to end at 4.160 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 2.24% or 0.016 points to 0.698.

The top performers on the ADX General were Ad Natl Energy (AD: TAQA ) which rose 5.38% to 0.980, Ad Natl Ins Co (AD: ADNI ) which was up 5.26% to settle at 3.600 and Al Khazna Ins (AD: AKIC ) which gained 4.35% to close at 0.240.

The worst performers were Commercial Bank International (AD: CBI ) which was down 8.86% to 0.720 in late trade, Waha Capital (AD: WAHA ) which lost 3.26% to settle at 1.780 and Eshraq Properties Co PJSC (AD: ESHR ) which was down 2.63% to 0.7400 at the close.

Declining stocks outnumbered rising ones by 18 to 14 and 5 ended unchanged; on the Abu Dhabi, 13 rose and 7 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.31% or 0.83 to $64.25 a barrel. Meanwhile, Brent oil for delivery in June rose 1.33% or 0.91 to hit $69.56 a barrel, while the June Gold Futures contract fell 0.02% or 0.30 to trade at $1339.80 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.05% to 4.5269.

The US Dollar Index Futures was down 0.03% at 89.50.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or