United Arab Emirates shares higher at close of trade; DFM General up 0.20%

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United Arab Emirates shares higher at close of trade; DFM General up 0.20%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.20% to hit a new 52-week high, while the ADX General index climbed 0.64%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 9.00% or 0.090 points to trade at 1.090 at the close. Takaful House (DU: DTKF ) added 7.02% or 0.080 points to end at 1.220 and Islamic Arab Insurance Company (DU: SALAMA ) was up 4.55% or 0.027 points to 0.620 in late trade.

Biggest losers included Union Properties PJSC (DU: UPRO ), which lost 1.74% or 0.020 points to trade at 1.130 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 1.66% or 0.009 points to end at 0.534 and Amanat Holdings PJSC (DU: AMANT ) shed 1.64% or 0.020 points to 1.200.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 8.40% to 1.290, Int Fish Farmi (AD: ASMK ) which was up 6.05% to settle at 2.28 and Al Khazna Ins (AD: AKIC ) which gained 4.76% to close at 0.440.

The worst performers were Ad Aviation (AD: ADAV ) which was down 3.33% to 2.900 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 2.20% to settle at 0.8900 and Bank Of Sharja (AD: BOS ) which was down 1.36% to 1.450 at the close.

Advancing stocks outnumbered falling ones by 23 to 12 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 5 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.71% or 0.37 to $51.80 a barrel. Meanwhile, Brent oil for delivery in April fell 0.33% or 0.18 to hit $54.87 a barrel, while the April Gold Futures contract rose 0.17% or 2.05 to trade at $1238.15 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.28% to 3.9117.

The US Dollar Index Futures was up 0.20% at 100.59.

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