United Arab Emirates shares higher at close of trade; DFM General up 0.97%

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United Arab Emirates shares higher at close of trade; DFM General up 0.97%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.97%, while the ADX General index gained 0.56%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 7.84% or 0.400 points to trade at 5.500 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 5.35% or 0.023 points to end at 0.453 and Gulf General Investments Company (DU: GGIC ) was up 5.00% or 0.029 points to 0.609 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 4.55% or 0.100 points to trade at 2.100 in late trade. Marka Pjse (DU: MARKA ) declined 3.42% or 0.04 points to end at 1.13 and Dubai Parks and Resorts PJSC (DU: DUBA ) shed 1.55% or 0.020 points to 1.270.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 5.45% to 2.90, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 4.26% to settle at 0.490 and Methaq (AD: METH ) which gained 2.50% to close at 0.820.

The worst performers were Int Fish Farmi (AD: ASMK ) which was down 6.76% to 1.38 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 5.96% to settle at 2.21 and Rak Ceramics (AD: RKCE ) which was down 4.41% to 3.25 at the close.

Advancing stocks outnumbered falling ones by 24 to 6 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.40% or 0.19 to $47.89 a barrel. Meanwhile, Brent oil for delivery in July fell 0.56% or 0.27 to hit $48.08 a barrel, while the June Gold contract fell 0.80% or 9.95 to trade at $1241.55 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.32% to 4.1078.

The US Dollar Index was up 0.17% at 95.39.

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