United Arab Emirates shares higher at close of trade; DFM General up 0.50%

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United Arab Emirates shares higher at close of trade; DFM General up 0.50%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.50%, while the ADX General index gained 1.24%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 4.35% or 0.080 points to trade at 1.920 at the close. Dubai Investments PJSC (DU: DINV ) added 2.50% or 0.060 points to end at 2.460 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.98% or 0.017 points to 0.877 in late trade.

Biggest losers included Emirates NBD PJSC (DU: ENBD ), which lost 3.53% or 0.300 points to trade at 8.200 in late trade. Gulf General Investments Company (DU: GGIC ) declined 1.77% or 0.008 points to end at 0.445 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.49% or 0.007 points to 0.462.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 14.98% to 2.380, Em Driving Co (AD: DRIV ) which was up 8.82% to settle at 9.25 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 5.56% to close at 0.570.

The worst performers were Finance House (AD: FH ) which was down 9.71% to 1.580 in late trade, Gulf Medical Projects Co PSC (AD: GMPC ) which lost 8.24% to settle at 2.56 and Sharjah Islami (AD: SIB ) which was down 3.92% to 1.470 at the close.

Advancing stocks outnumbered falling ones by 23 to 5 and 8 ended unchanged; on the Abu Dhabi, 15 rose and 6 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.74% or 0.36 to $49.27 a barrel. Meanwhile, Brent oil for delivery in May rose 0.74% or 0.38 to hit $52.00 a barrel, while the April Gold Futures contract fell 0.07% or 0.85 to trade at $1233.15 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.57% to 3.9679.

The US Dollar Index Futures was down 0.54% at 99.62.

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