United Arab Emirates shares higher at close of trade; DFM General up 0.17%

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United Arab Emirates shares higher at close of trade; DFM General up 0.17%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.17%, while the ADX General index gained 0.51%.

The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU: DINV ), which rose 2.33% or 0.060 points to trade at 2.630 at the close. Emirates NBD PJSC (DU: ENBD ) added 1.83% or 0.150 points to end at 8.350 and ARAMEX PJSC (DU: ARMX ) was up 1.39% or 0.070 points to 5.120 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.63% or 0.070 points to trade at 1.860 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 2.70% or 0.030 points to end at 1.080 and Gulf General Investments Company (DU: GGIC ) shed 2.40% or 0.010 points to 0.407.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 9.26% to 2.95, Ad Aviation (AD: ADAV ) which was up 6.79% to settle at 2.990 and Al Khazna Ins (AD: AKIC ) which gained 3.33% to close at 0.310.

The worst performers were Al Ain Ahlia Insurance Co PSC (AD: AAIC ) which was down 5.00% to 40.85 in late trade, Sharjah Cement AD (AD: SCID ) which lost 1.83% to settle at 1.070 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.43% to 0.6900 at the close.

Declining stocks outnumbered rising ones by 21 to 11 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.26% or 0.14 to $54.01 a barrel. Meanwhile, Brent oil for delivery in January fell 0.23% or 0.14 to hit $60.45 a barrel, while the December Gold Futures contract fell 0.28% or 3.52 to trade at $1274.18 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.20% to 4.2719.

The US Dollar Index Futures was up 0.13% at 94.50.

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