United Arab Emirates shares higher at close of trade; DFM General up 0.85%

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United Arab Emirates shares higher at close of trade; DFM General up 0.85%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.85% to hit a new 1-month high, while the ADX General index climbed 0.29%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 14.77% or 0.26 points to trade at 2.02 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 4.63% or 0.050 points to end at 1.130 and SHUAA Capital PSC (DU: SHUA ) was up 3.51% or 0.040 points to 1.180 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 2.20% or 0.019 points to trade at 0.843 in late trade. Takaful House (DU: DTKF ) declined 2.08% or 0.020 points to end at 0.940 and Amanat Holdings PJSC (DU: AMANT ) shed 1.44% or 0.020 points to 1.370.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 6.00% to 2.120, Union Cement (AD: UCC ) which was up 5.63% to settle at 1.500 and Rak Properties (AD: RPRO ) which gained 2.44% to close at 0.840.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 8.06% to 0.570 in late trade, Sharjah Islami (AD: SIB ) which lost 3.45% to settle at 1.400 and Bank Of Sharja (AD: BOS ) which was down 2.44% to 1.200 at the close.

Advancing stocks outnumbered falling ones by 19 to 16 and 10 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 14 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.67% or 0.43 to $63.87 a barrel. Meanwhile, Brent oil for delivery in March fell 1.35% or 0.95 to hit $69.31 a barrel, while the February Gold Futures contract fell 0.12% or 1.60 to trade at $1333.30 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.47% to 4.4846.

The US Dollar Index Futures was up 0.44% at 90.53.

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