United Arab Emirates shares higher at close of trade; DFM General up 0.33%

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United Arab Emirates shares higher at close of trade; DFM General up 0.33%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.33% to hit a new 1-month high, while the ADX General index gained 0.86%.

The biggest gainers of the session on the DFM General were Emaar Malls (DU: EMAA ), which rose 2.38% or 0.050 points to trade at 2.150 at the close. Dubai Financial Market PJSC (DU: DFM ) added 1.85% or 0.020 points to end at 1.100 and Emaar Properties PJSC (DU: EMAR ) was up 1.83% or 0.100 points to 5.550 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 3.16% or 0.009 points to trade at 0.276 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 1.96% or 0.020 points to end at 1.000 and Arabtec Holding PJSC (DU: ARTC ) shed 1.46% or 0.030 points to 2.030.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 13.92% to 0.900, National Takaful Co PJSC (AD: WATA ) which was up 7.94% to settle at 0.68 and Sharjah Group Co (AD: SG ) which gained 7.69% to close at 1.40.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 9.57% to 2.080 in late trade, Sharjah Cement AD (AD: SCID ) which lost 9.00% to settle at 0.910 and International Holding Company PJSC (AD: IHC ) which was down 8.09% to 1.25 at the close.

Declining stocks outnumbered rising ones by 20 to 13 and 5 ended unchanged; on the Abu Dhabi, 19 rose and 12 declined, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.43% or 0.28 to $64.47 a barrel. Meanwhile, Brent oil for delivery in August fell 1.42% or 1.07 to hit $74.22 a barrel, while the August Gold Futures contract fell 0.19% or 2.50 to trade at $1294.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.09% to 4.2923.

The US Dollar Index Futures was up 0.04% at 94.06.

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