United Arab Emirates shares higher at close of trade; DFM General up 0.36%

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United Arab Emirates shares higher at close of trade; DFM General up 0.36%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Insurance , Banking and Consumer Staples sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.36% to hit a new 1-month high, while the ADX General index climbed 0.77%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 3.94% or 0.080 points to trade at 2.110 at the close. Amlak Finance PJSC (DU: AMLK ) added 3.71% or 0.030 points to end at 0.839 and Islamic Arab Insurance Company (DU: SALAMA ) was up 1.59% or 0.007 points to 0.448 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 1.79% or 0.020 points to trade at 1.100 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 1.45% or 0.010 points to end at 0.680 and Dubai Financial Market PJSC (DU: DFM ) shed 0.91% or 0.010 points to 1.090.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 7.27% to 0.590, International Holding Company PJSC (AD: IHC ) which was up 5.60% to settle at 1.32 and Ad Natl Energy (AD: TAQA ) which gained 4.17% to close at 1.250.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 5.66% to 2.50 in late trade, Rak Cement Co (AD: RKCC ) which lost 1.35% to settle at 0.730 and Agthia Group (AD: AGTH ) which was down 1.02% to 4.85 at the close.

Advancing stocks outnumbered falling ones by 16 to 14 and 8 ended unchanged; on the Abu Dhabi, 15 rose and 5 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.67% or 0.44 to $65.08 a barrel. Meanwhile, Brent oil for delivery in August fell 0.09% or 0.07 to hit $75.31 a barrel, while the August Gold Futures contract fell 0.25% or 3.30 to trade at $1298.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.46% to 4.3240.

The US Dollar Index Futures was down 0.30% at 93.57.

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