United Arab Emirates shares higher at close of trade; DFM General up 1.40%

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United Arab Emirates shares higher at close of trade; DFM General up 1.40%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.40% to hit a new 1-month high, while the ADX General index gained 0.88%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 4.99% or 0.032 points to trade at 0.673 at the close. Marka Pjse (DU: MARKA ) added 4.06% or 0.02 points to end at 0.59 and Deyaar Development PJSC (DU: DEYR ) was up 3.55% or 0.018 points to 0.525 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 0.68% or 0.010 points to trade at 1.450 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 0.30% or 0.010 points to end at 3.320 and ARAMEX PJSC (DU: ARMX ) shed 0.23% or 0.010 points to 4.280.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 3.28% to 0.630, Eshraq Properties Co PJSC (AD: ESHR ) which was up 2.78% to settle at 0.7400 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 1.91% to close at 10.65.

The worst performers were Green Crs Ins (AD: GCIC ) which was down 9.47% to 0.860 in late trade, Gulf Cement Co (AD: GCEM ) which lost 5.56% to settle at 1.0200 and Natl Bk Of Rak (AD: RAKB ) which was down 1.90% to 4.65 at the close.

Advancing stocks outnumbered falling ones by 27 to 6 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 9 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.30% or 0.18 to $60.55 a barrel. Meanwhile, Brent oil for delivery in March rose 0.27% or 0.18 to hit $66.75 a barrel, while the February Gold Futures contract fell 0.05% or 0.60 to trade at $1315.50 a troy ounce.

USD/AED was down 0.00% to 3.6732, while EUR/AED fell 0.37% to 4.4126.

The US Dollar Index Futures was up 0.25% at 91.79.

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