United Arab Emirates shares higher at close of trade; DFM General up 0.75%

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United Arab Emirates shares higher at close of trade; DFM General up 0.75%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.75%, while the ADX General index climbed 0.91%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 2.82% or 0.050 points to trade at 1.820 at the close. Emaar Properties PJSC (DU: EMAR ) added 2.19% or 0.130 points to end at 6.070 and Emaar Development PJSC (DU: EMAARDEV ) was up 2.06% or 0.110 points to 5.460 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 5.15% or 0.070 points to trade at 1.290 in late trade. Takaful House (DU: DTKF ) declined 2.26% or 0.016 points to end at 0.691 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 0.96% or 0.010 points to 1.030.

The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 8.33% to 0.52, Ad Natl Energy (AD: TAQA ) which was up 5.88% to settle at 0.720 and Aldar Properti (AD: ALDR ) which gained 2.78% to close at 2.220.

The worst performers were Rak Cmt & Cons (AD: RAKC ) which was down 9.62% to 0.940 in late trade, Agthia Group (AD: AGTH ) which lost 3.15% to settle at 4.30 and Emirates Ins C (AD: EIC ) which was down 2.78% to 7.00 at the close.

Advancing stocks outnumbered falling ones by 20 to 15 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.12% or 0.71 to $64.25 a barrel. Meanwhile, Brent oil for delivery in May rose 1.23% or 0.83 to hit $68.25 a barrel, while the April Gold Futures contract rose 0.26% or 3.40 to trade at $1315.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.29% to 4.5090.

The US Dollar Index Futures was down 0.28% at 89.76.

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