United Arab Emirates shares higher at close of trade; DFM General up 0.40%

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United Arab Emirates shares higher at close of trade; DFM General up 0.40%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.40%, while the ADX General index climbed 1.15%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 5.13% or 0.060 points to trade at 1.230 at the close. Amanat Holdings PJSC (DU: AMANT ) added 4.29% or 0.060 points to end at 1.460 and Emaar Malls (DU: EMAA ) was up 2.91% or 0.060 points to 2.120 in late trade.

Biggest losers included Emirates NBD PJSC (DU: ENBD ), which lost 2.26% or 0.190 points to trade at 8.200 in late trade. Emaar Properties PJSC (DU: EMAR ) declined 0.88% or 0.060 points to end at 6.780 and Gulf General Investments Company (DU: GGIC ) shed 0.53% or 0.002 points to 0.375.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 5.00% to 0.420, Agthia Group (AD: AGTH ) which was up 3.54% to settle at 4.97 and Rak Cement Co (AD: RKCC ) which gained 3.23% to close at 0.640.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 9.78% to 2.03 in late trade, Methaq (AD: METH ) which lost 3.90% to settle at 0.740 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 2.99% to 0.6500 at the close.

Advancing stocks outnumbered falling ones by 25 to 11 and 5 ended unchanged; on the Abu Dhabi, 19 rose and 4 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.70% or 0.42 to $59.55 a barrel. Meanwhile, Brent oil for delivery in March fell 0.86% or 0.57 to hit $65.89 a barrel, while the February Gold Futures contract rose 0.25% or 3.20 to trade at $1290.70 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.31% to 4.3702.

The US Dollar Index Futures was down 0.27% at 92.59.

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