United Arab Emirates shares higher at close of trade; DFM General up 1.31%

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United Arab Emirates shares higher at close of trade; DFM General up 1.31%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 1.31% to hit a new 1-month high, while the ADX General index gained 1.27%.

The biggest gainers of the session on the DFM General were Union Properties PJSC (DU: UPRO ), which rose 5.05% or 0.050 points to trade at 1.040 at the close. Takaful Emarat PSC (DU: TKFE ) added 4.56% or 0.110 points to end at 2.520 and Dubai Islamic Bank (DU: DISB ) was up 4.34% or 0.230 points to 5.530 in late trade.

Biggest losers included Dubai Insurance Co PSC (DU: DINC ), which lost 9.37% or 0.300 points to trade at 2.900 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.92% or 0.060 points to end at 1.470 and Mashreqbank PSC (DU: MASB ) shed 2.99% or 2.00 points to 65.00.

The top performers on the ADX General were Ad Commercial (AD: ADCB ) which rose 3.55% to 6.42, Aldar Properti (AD: ALDR ) which was up 2.36% to settle at 2.600 and Natl Bk Of Ad (AD: NBAD ) which gained 2.34% to close at 9.62.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 3.80% to 0.760 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 2.80% to settle at 1.0400 and Rak Ceramics (AD: RKCE ) which was down 1.69% to 2.320 at the close.

Advancing stocks outnumbered falling ones by 21 to 14 and 8 ended unchanged; on the Abu Dhabi, 11 rose and 5 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.66% or 0.34 to $51.45 a barrel. Meanwhile, Brent oil for delivery in February fell 0.25% or 0.14 to hit $54.80 a barrel, while the February Gold contract fell 0.29% or 3.45 to trade at $1173.05 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.05% to 3.9550.

The US Dollar Index was down 0.01% at 100.15.

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