United Arab Emirates shares higher at close of trade; DFM General up 1.39%

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United Arab Emirates shares higher at close of trade; DFM General up 1.39%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.39%, while the ADX General index climbed 1.16%.

The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU: DINV ), which rose 3.59% or 0.070 points to trade at 2.020 at the close. Air Arabia PJSC (DU: AIRA ) added 3.15% or 0.040 points to end at 1.310 and ARAMEX PJSC (DU: ARMX ) was up 3.03% or 0.110 points to 3.740 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 2.27% or 0.012 points to trade at 0.517 in late trade. Gulf General Investments Company (DU: GGIC ) declined 0.86% or 0.004 points to end at 0.461 and Emirate Integrated Telecom Co PJSC (DU: DU ) 0.00% or 0.000 points to 6.300.

The top performers on the ADX General were Ad Natl Ins Co (AD: ADNI ) which rose 13.95% to 2.450, Bank Of Sharja (AD: BOS ) which was up 5.38% to settle at 1.370 and First Gulf Bk (AD: FGB ) which gained 3.77% to close at 11.00.

The worst performers were Al Khazna Ins (AD: AKIC ) which was down 2.63% to 0.370 in late trade, Rak Ceramics (AD: RKCE ) which lost 1.85% to settle at 2.650 and Finance House (AD: FH ) which was down 1.11% to 1.780 at the close.

Advancing stocks outnumbered falling ones by 27 to 5 and 4 ended unchanged; on the Abu Dhabi, 11 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.00% or 0.50 to $50.44 a barrel. Meanwhile, Brent oil for delivery in December rose 0.83% or 0.43 to hit $51.95 a barrel, while the December Gold contract rose 0.47% or 5.85 to trade at $1262.45 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.06% to 4.0431.

The US Dollar Index was down 0.14% at 97.72.

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