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 Tuesday, as gains in the Transport , Banking and Services sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.38% to hit a new 1-month high, while the ADX General index added 0.17%.

The biggest gainers of the session on the DFM General were Air Arabia PJSC (DU: AIRA ), which rose 3.20% or 0.040 points to trade at 1.290 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 2.57% or 0.022 points to end at 0.877 and National Central Cooling Co. (DU: TABR ) was up 2.14% or 0.040 points to 1.910 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 3.49% or 0.080 points to trade at 2.210 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 2.50% or 0.030 points to end at 1.170 and Gulf General Investments Company (DU: GGIC ) shed 1.74% or 0.007 points to 0.395.

The top performers on the ADX General were Emirates Ins C (AD: EIC ) which rose 15.00% to 6.90, Sharjah Islami (AD: SIB ) which was up 8.57% to settle at 1.520 and Rak Cement Co (AD: RKCC ) which gained 5.71% to close at 0.740.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.77% to 1.940 in late trade, National Corp Tourism Hotels (AD: NCTH ) which lost 2.80% to settle at 2.08 and Gulf Pharm Ind (AD: GPHI ) which was down 2.08% to 2.350 at the close.

Advancing stocks outnumbered falling ones by 16 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.29% or 0.18 to $61.91 a barrel. Meanwhile, Brent oil for delivery in March rose 0.09% or 0.06 to hit $67.84 a barrel, while the February Gold Futures contract fell 0.39% or 5.10 to trade at $1315.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.35% to 4.3805.

The US Dollar Index Futures was up 0.26% at 92.32.

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