United Arab Emirates shares higher at close of trade; DFM General up 0.25%

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United Arab Emirates shares higher at close of trade; DFM General up 0.25%

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

At the close in Dubai, the DFM General added 0.25%, while the ADX General index climbed 0.31%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 6.56% or 0.080 points to trade at 1.300 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 2.98% or 0.013 points to end at 0.449 and Amlak Finance PJSC (DU: AMLK ) was up 2.83% or 0.030 points to 1.090 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 1.18% or 0.01 points to trade at 0.67 in late trade. Gulf General Investments Company (DU: GGIC ) declined 1.06% or 0.004 points to end at 0.375 and National Central Cooling Co. (DU: TABR ) shed 0.97% or 0.020 points to 2.040.

The top performers on the ADX General were Finance House (AD: FH ) which rose 3.23% to 1.600, Eshraq Properties Co PJSC (AD: ESHR ) which was up 2.78% to settle at 0.7400 and Sharjah Islami (AD: SIB ) which gained 1.48% to close at 1.370.

The worst performers were Union Insurance Co PSC (AD: UNIN ) which was down 9.68% to 1.68 in late trade, National Takaful Co PJSC (AD: WATA ) which lost 9.43% to settle at 0.48 and Bank Of Sharja (AD: BOS ) which was down 2.42% to 1.210 at the close.

Advancing stocks outnumbered falling ones by 17 to 14 and 4 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.04% or 0.02 to $50.44 a barrel. Meanwhile, Brent oil for delivery in December fell 0.23% or 0.13 to hit $55.99 a barrel, while the December Gold Futures contract rose 0.18% or 2.26 to trade at $1274.06 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.22% to 4.3183.

The US Dollar Index Futures was down 0.10% at 93.39.

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