United Arab Emirates shares higher at close of trade; DFM General up 0.64%

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United Arab Emirates shares higher at close of trade; DFM General up 0.64%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.64%, while the ADX General index gained 0.24%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 7.14% or 0.080 points to trade at 1.200 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 3.60% or 0.040 points to end at 1.150 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 2.35% or 0.100 points to 4.350 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 1.68% or 0.020 points to trade at 1.170 in late trade. ARAMEX PJSC (DU: ARMX ) declined 1.31% or 0.070 points to end at 5.290 and Air Arabia PJSC (DU: AIRA ) shed 0.96% or 0.010 points to 1.030.

The top performers on the ADX General were Finance House (AD: FH ) which rose 15.00% to 1.840, Rak Cement Co (AD: RKCC ) which was up 3.90% to settle at 0.800 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 3.23% to close at 3.20.

The worst performers were Union Cement (AD: UCC ) which was down 6.67% to 1.260 in late trade, Invest Bank AD (AD: INVB ) which lost 5.51% to settle at 2.400 and Rak Properties (AD: RPRO ) which was down 1.54% to 0.640 at the close.

Advancing stocks outnumbered falling ones by 21 to 10 and 6 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.08% or 0.48 to $43.92 a barrel. Meanwhile, Brent oil for delivery in September fell 1.07% or 0.50 to hit $46.38 a barrel, while the August Gold Futures contract fell 0.24% or 2.88 to trade at $1210.32 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.04% to 4.1856.

The US Dollar Index Futures was up 0.05% at 95.86.

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