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 Consumer Staples , Transport and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General rose 1.31% to hit a new 1-month high, while the ADX General index climbed 0.05%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 11.59% or 0.107 points to trade at 1.030 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 4.88% or 0.030 points to end at 0.645 and Takaful Emarat PSC (DU: TKFE ) was up 3.09% or 0.060 points to 2.000 in late trade.

Biggest losers included AJMAN BANK PJSC (DU: AJBNK ), which lost 2.35% or 0.040 points to trade at 1.660 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 0.96% or 0.008 points to end at 0.822 and Mashreqbank PSC (DU: MASB ) 0.00% or 0.00 points to 63.00.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 14.00% to 0.570, Em Driving Co (AD: DRIV ) which was up 3.57% to settle at 7.25 and Ad Islamic Bk (AD: ADIB ) which gained 2.39% to close at 3.850.

The worst performers were Finance House (AD: FH ) which was down 4.30% to 1.780 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 1.76% to settle at 2.230 and First Gulf Bk (AD: FGB ) which was down 1.19% to 12.50 at the close.

Advancing stocks outnumbered falling ones by 27 to 6 and 2 ended unchanged; on the Abu Dhabi, 11 rose and 7 declined, while 13 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 2.75% or 1.23 to $45.99 a barrel. Meanwhile, Brent oil for delivery in September rose 3.05% or 1.41 to hit $47.66 a barrel, while the August Gold contract fell 0.50% or 6.80 to trade at $1349.80 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED rose 0.29% to 4.0736.

The US Dollar Index was down 0.24% at 96.35.

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