United Arab Emirates shares higher at close of trade; DFM General up 0.10%

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United Arab Emirates shares higher at close of trade; DFM General up 0.10%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.10% to hit a new 52-week high, while the ADX General index climbed 0.10%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 4.96% or 0.070 points to trade at 1.480 at the close. Emirates NBD PJSC (DU: ENBD ) added 2.39% or 0.210 points to end at 9.000 and Arabtec Holding PJSC (DU: ARTC ) was up 1.45% or 0.020 points to 1.400 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 8.85% or 0.100 points to trade at 1.030 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 6.63% or 0.110 points to end at 1.550 and Amanat Holdings PJSC (DU: AMANT ) shed 2.35% or 0.024 points to 0.996.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 14.79% to 3.26, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 6.15% to settle at 0.690 and Green Crs Ins (AD: GCIC ) which gained 5.26% to close at 0.800.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 5.96% to 3.00 in late trade, Gulf Cement Co (AD: GCEM ) which lost 4.95% to settle at 0.9600 and Invest Bank AD (AD: INVB ) which was down 4.35% to 2.200 at the close.

Declining stocks outnumbered rising ones by 19 to 14 and 7 ended unchanged; on the Abu Dhabi, 15 rose and 13 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.65% or 0.34 to $52.30 a barrel. Meanwhile, Brent oil for delivery in March rose 0.60% or 0.33 to hit $55.27 a barrel, while the February Gold contract fell 0.01% or 0.15 to trade at $1184.75 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.16% to 3.8891.

The US Dollar Index was down 0.10% at 101.82.

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