United Arab Emirates shares higher at close of trade; DFM General up 0.32%

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United Arab Emirates shares higher at close of trade; DFM General up 0.32%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Consumer Staples , Finance & Investment and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.32% to hit a new 3-month high, while the ADX General index climbed 1.02%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 7.39% or 0.058 points to trade at 0.843 at the close. Amlak Finance PJSC (DU: AMLK ) added 2.63% or 0.030 points to end at 1.170 and Dubai Investments PJSC (DU: DINV ) was up 2.48% or 0.060 points to 2.480 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU: CBD ), which lost 9.80% or 0.440 points to trade at 4.050 in late trade. Emirate Integrated Telecom Co PJSC (DU: DU ) declined 2.40% or 0.140 points to end at 5.700 and Gulf General Investments Company (DU: GGIC ) shed 2.03% or 0.008 points to 0.386.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 14.85% to 1.160, Sharjah Cement AD (AD: SCID ) which was up 9.00% to settle at 1.090 and Methaq (AD: METH ) which gained 6.98% to close at 0.920.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 10.00% to 2.70 in late trade, Al Khazna Ins (AD: AKIC ) which lost 8.57% to settle at 0.320 and Sharjah Islami (AD: SIB ) which was down 2.14% to 1.370 at the close.

Declining stocks outnumbered rising ones by 19 to 13 and 6 ended unchanged; on the Abu Dhabi, 12 rose and 10 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.06% or 0.03 to $49.19 a barrel. Meanwhile, Brent oil for delivery in October rose 0.19% or 0.10 to hit $51.88 a barrel, while the August Gold Futures contract fell 0.22% or 2.76 to trade at $1269.84 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.48% to 4.3556.

The US Dollar Index Futures was down 0.30% at 92.64.

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