United Arab Emirates shares higher at close of trade; DFM General up 0.78%

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United Arab Emirates shares higher at close of trade; DFM General up 0.78%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.78%, while the ADX General index added 0.78%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 5.76% or 0.220 points to trade at 4.040 at the close. National General Insurance Co PSC (DU: NGIN ) added 4.71% or 0.09 points to end at 2.00 and ARAMEX PJSC (DU: ARMX ) was up 2.24% or 0.090 points to 4.110 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 5.81% or 0.037 points to trade at 0.600 in late trade. Deyaar Development PJSC (DU: DEYR ) declined 4.39% or 0.020 points to end at 0.436 and Drake & Scull International PJSC (DU: DSI ) shed 4.29% or 0.016 points to 0.357.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 7.41% to 1.000, Methaq (AD: METH ) which was up 2.56% to settle at 0.800 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 1.75% to close at 2.90.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 1.46% to 0.5400 in late trade, Rak Ceramics (AD: RKCE ) which lost 1.31% to settle at 2.260 and Gulf Cement Co (AD: GCEM ) which was down 1.07% to 0.9200 at the close.

Declining stocks outnumbered rising ones by 21 to 15 and 5 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.30% or 0.22 to $72.06 a barrel. Meanwhile, Brent oil for delivery in December fell 0.31% or 0.25 to hit $81.01 a barrel, while the December Gold Futures contract fell 0.15% or 1.80 to trade at $1203.30 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.18% to 4.3149.

The US Dollar Index Futures was up 0.16% at 93.88.

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