United Arab Emirates shares higher at close of trade; DFM General up 0.03%

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United Arab Emirates shares higher at close of trade; DFM General up 0.03%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.03%, while the ADX General index added 0.06%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 4.61% or 0.070 points to trade at 1.590 at the close. Arabtec Holding PJSC (DU: ARTC ) added 3.26% or 0.060 points to end at 1.900 and Islamic Arab Insurance Company (DU: SALAMA ) was up 2.62% or 0.016 points to 0.627 in late trade.

Biggest losers included Emaar Malls (DU: EMAA ), which lost 2.73% or 0.050 points to trade at 1.780 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 2.56% or 0.030 points to end at 1.140 and Gulf General Investments Company (DU: GGIC ) shed 1.85% or 0.005 points to 0.266.

The top performers on the ADX General were International Holding Company PJSC (AD: IHC ) which rose 1.69% to 1.20, Gulf Cement Co (AD: GCEM ) which was up 1.09% to settle at 0.9300 and Ad Commercial (AD: ADCB ) which gained 0.90% to close at 7.82.

The worst performers were United Arab Bk (AD: UAB ) which was down 9.60% to 1.130 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 2.01% to settle at 0.5360 and Nat Bk Qaiwain (AD: NBQ ) which was down 2.00% to 2.45 at the close.

Advancing stocks outnumbered falling ones by 16 to 11 and 8 ended unchanged; on the Abu Dhabi, 15 fell and 5 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.61% or 0.44 to $72.52 a barrel. Meanwhile, Brent oil for delivery in December rose 0.93% or 0.75 to hit $81.28 a barrel, while the December Gold Futures contract rose 0.02% or 0.20 to trade at $1204.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.13% to 4.3207.

The US Dollar Index Futures was down 0.09% at 93.77.

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