United Arab Emirates shares higher at close of trade; DFM General up 0.49%

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 gained 0.49%, while the ADX General index gained 0.13%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 4.15% or 0.027 points to trade at 0.677 at the close. Gulf General Investments Company (DU: GGIC ) added 2.64% or 0.007 points to end at 0.272 and Air Arabia PJSC (DU: AIRA ) was up 1.98% or 0.020 points to 1.030 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 3.77% or 0.035 points to trade at 0.893 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 2.69% or 0.018 points to end at 0.650 and AJMAN BANK PJSC (DU: AJBNK ) shed 2.43% or 0.023 points to 0.925.

The top performers on the ADX General were Ad Aviation (AD: ADAV ) which rose 5.36% to 2.950, Rak Ceramics (AD: RKCE ) which was up 5.26% to settle at 2.400 and International Holding Company PJSC (AD: IHC ) which gained 5.04% to close at 1.25.

The worst performers were Emirates Ins C (AD: EIC ) which was down 9.72% to 6.50 in late trade, National Takaful Co PJSC (AD: WATA ) which lost 8.33% to settle at 0.55 and Rak Cement Co (AD: RKCC ) which was down 7.79% to 0.710 at the close.

Declining stocks outnumbered rising ones by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.55% or 0.38 to $68.91 a barrel. Meanwhile, Brent oil for delivery in November rose 0.31% or 0.24 to hit $76.53 a barrel, while the December Gold Futures contract fell 0.41% or 5.00 to trade at $1209.40 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.32% to 4.2818.

The US Dollar Index Futures was up 0.19% at 94.81.