United Arab Emirates shares higher at close of trade; DFM General up 1.09%

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United Arab Emirates shares higher at close of trade; DFM General up 1.09%
Credit: © Reuters.

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.

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