United Arab Emirates shares higher at close of trade; DFM General up 1.17%

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United Arab Emirates shares higher at close of trade; DFM General up 1.17%

Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Banking , Consumer Staples and Telecoms sectors propelled shares higher.

At the close in Dubai, the DFM General gained 1.17%, while the ADX General index climbed 0.59%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 6.73% or 0.140 points to trade at 2.220 at the close. Mashreqbank PSC (DU: MASB ) added 5.07% or 3.50 points to end at 72.50 and National Central Cooling Co. (DU: TABR ) was up 4.40% or 0.080 points to 1.900 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which unchanged 0.00% or 0.000 points to trade at 2.020 in late trade. Dubai National Insurance (DU: DNIN ) unchanged 0.00% or 0.000 points to end at 3.040 and Dubai Insurance Co PSC (DU: DINC ) 0.00% or 0.000 points to 3.350.

The top performers on the ADX General were Gulf Medical Projects Co PSC (AD: GMPC ) which rose 9.00% to 2.18, Ad Commercial (AD: ADCB ) which was up 3.51% to settle at 7.08 and Bank Of Sharja (AD: BOS ) which gained 1.67% to close at 1.220.

The worst performers were Invest Bank AD (AD: INVB ) which was down 10.00% to 2.250 in late trade, Em Driving Co (AD: DRIV ) which lost 10.00% to settle at 7.20 and Gulf Pharm Ind (AD: GPHI ) which was down 5.86% to 2.250 at the close.

Advancing stocks outnumbered falling ones by 35 to 4 and 1 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.53% or 0.31 to $58.30 a barrel. Meanwhile, Brent oil for delivery in February rose 1.44% or 0.93 to hit $65.62 a barrel, while the February Gold Futures contract fell 0.09% or 1.10 to trade at $1245.80 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.09% to 4.3267.

The US Dollar Index Futures was down 0.15% at 93.80.

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