United Arab Emirates shares higher at close of trade; DFM General up 1.09%
Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Finance & Investment , Real Estate & Construction and Telecoms sectors propelled shares higher.
At the close in Dubai, the DFM General rose 1.09%, while the ADX General index added 0.53%.
The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU: DINV ), which rose 6.95% or 0.130 points to trade at 2.000 at the close. Drake & Scull International PJSC (DU: DSI ) added 5.26% or 0.060 points to end at 1.200 and Arabtec Holding PJSC (DU: ARTC ) was up 4.52% or 0.080 points to 1.850 in late trade.
Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 2.27% or 0.040 points to trade at 1.720 in late trade. Emirates NBD PJSC (DU: ENBD ) declined 0.90% or 0.090 points to end at 9.910 and Dubai Financial Market PJSC (DU: DFM ) shed 0.60% or 0.006 points to 0.994.
The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 14.58% to 0.55, Sharjah Cement AD (AD: SCID ) which was up 7.14% to settle at 1.050 and Agthia Group (AD: AGTH ) which gained 5.43% to close at 4.85.
The worst performers were Gulf Cement Co (AD: GCEM ) which was down 5.05% to 0.9400 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 1.61% to settle at 0.6100 and Methaq (AD: METH ) which was down 1.35% to 0.730 at the close.
Advancing stocks outnumbered falling ones by 27 to 8 and 2 ended unchanged; on the Abu Dhabi, 18 rose and 6 declined, while 5 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for June delivery was up 0.92% or 0.65 to $71.61 a barrel. Meanwhile, Brent oil for delivery in July rose 1.11% or 0.87 to hit $79.10 a barrel, while the June Gold Futures contract fell 0.83% or 11.00 to trade at $1307.20 a troy ounce.
USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.23% to 4.3713.
The US Dollar Index Futures was up 0.23% at 92.76.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or