United Arab Emirates shares higher at close of trade; DFM General up 0.42%

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United Arab Emirates shares higher at close of trade; DFM General up 0.42%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.42%, while the ADX General index added 0.19%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 6.92% or 0.033 points to trade at 0.510 at the close. SHUAA Capital PSC (DU: SHUA ) added 5.77% or 0.090 points to end at 1.650 and Union Properties PJSC (DU: UPRO ) was up 4.78% or 0.047 points to 1.030 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 9.24% or 0.110 points to trade at 1.080 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 4.22% or 0.043 points to end at 0.977 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.25% or 0.020 points to 1.580.

The top performers on the ADX General were Ad Natl Ins Co (AD: ADNI ) which rose 14.73% to 2.960, Eshraq Properties Co PJSC (AD: ESHR ) which was up 9.09% to settle at 1.0800 and Dana Gas (AD: DANA ) which gained 6.38% to close at 0.500.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 8.55% to 2.140 in late trade, United Arab Bk (AD: UAB ) which lost 7.50% to settle at 1.850 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 5.08% to 0.560 at the close.

Advancing stocks outnumbered falling ones by 27 to 12 and 2 ended unchanged; on the Abu Dhabi, 13 rose and 8 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.76% or 0.40 to $53.33 a barrel. Meanwhile, Brent oil for delivery in April rose 0.88% or 0.49 to hit $56.08 a barrel, while the April Gold Futures contract rose 0.34% or 4.20 to trade at $1230.00 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.21% to 3.9005.

The US Dollar Index Futures was down 0.15% at 100.85.

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