United Arab Emirates shares higher at close of trade; DFM General up 0.38%

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United Arab Emirates shares higher at close of trade; DFM General up 0.38%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.38%, while the ADX General index added 0.30%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 5.47% or 0.070 points to trade at 1.350 at the close. Amlak Finance PJSC (DU: AMLK ) added 1.82% or 0.020 points to end at 1.120 and Union Properties PJSC (DU: UPRO ) was up 1.37% or 0.012 points to 0.889 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 0.92% or 0.010 points to trade at 1.080 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 0.91% or 0.010 points to end at 1.090 and AJMAN BANK PJSC (DU: AJBNK ) shed 0.86% or 0.010 points to 1.150.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 5.46% to 3.09, Agthia Group (AD: AGTH ) which was up 5.28% to settle at 5.58 and Gulf Cement Co (AD: GCEM ) which gained 4.90% to close at 1.0700.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 8.33% to 1.98 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 3.08% to settle at 0.6300 and Ad Natl Energy (AD: TAQA ) which was down 1.64% to 0.600 at the close.

Declining stocks outnumbered rising ones by 19 to 17 and 3 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was down 0.27% or 0.13 to $47.70 a barrel. Meanwhile, Brent oil for delivery in October fell 0.48% or 0.25 to hit $51.62 a barrel, while the December Gold Futures contract rose 0.17% or 2.17 to trade at $1293.17 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.19% to 4.3289.

The US Dollar Index Futures was down 0.13% at 93.30.

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