United Arab Emirates shares higher at close of trade; DFM General up 0.12%

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United Arab Emirates shares higher at close of trade; DFM General up 0.12%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.12%, while the ADX General index gained 0.34%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 1.97% or 0.030 points to trade at 1.550 at the close. Amanat Holdings PJSC (DU: AMANT ) added 1.75% or 0.020 points to end at 1.160 and Arabtec Holding PJSC (DU: ARTC ) was up 1.10% or 0.020 points to 1.840 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 3.00% or 0.018 points to trade at 0.582 in late trade. ARAMEX PJSC (DU: ARMX ) declined 2.68% or 0.110 points to end at 4.000 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 1.63% or 0.006 points to 0.362.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 4.26% to 0.490, Rak Ceramics (AD: RKCE ) which was up 2.27% to settle at 2.250 and Aldar Properti (AD: ALDR ) which gained 1.17% to close at 1.730.

The worst performers were Em Driving Co (AD: DRIV ) which was down 9.89% to 5.92 in late trade, Sharjah Cement AD (AD: SCID ) which lost 6.90% to settle at 0.931 and Methaq (AD: METH ) which was down 2.52% to 0.775 at the close.

Advancing stocks outnumbered falling ones by 16 to 13 and 5 ended unchanged; on the Abu Dhabi, 14 rose and 9 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.66% or 0.49 to $74.78 a barrel. Meanwhile, Brent oil for delivery in December rose 0.89% or 0.75 to hit $84.66 a barrel, while the December Gold Futures contract rose 0.08% or 0.90 to trade at $1189.50 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED fell 0.39% to 4.2045.

The US Dollar Index Futures was up 0.31% at 95.74.

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