United Arab Emirates shares higher at close of trade; DFM General up 0.88%

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United Arab Emirates shares higher at close of trade; DFM General up 0.88%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.88%, while the ADX General index added 1.53%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU: ENBD ), which rose 8.41% or 0.830 points to trade at 10.700 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 5.56% or 0.021 points to end at 0.399 and Arabtec Holding PJSC (DU: ARTC ) was up 3.00% or 0.060 points to 2.060 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 1.69% or 0.030 points to trade at 1.750 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 0.99% or 0.010 points to end at 1.000 and Dubai Financial Market PJSC (DU: DFM ) shed 0.93% or 0.010 points to 1.070.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 3.75% to 2.490, First Abu Dhabi Bank PJSC (AD: FAB ) which was up 3.07% to settle at 11.75 and Methaq (AD: METH ) which gained 2.70% to close at 0.760.

The worst performers were Abu Dhabi National Hotels Co (AD: ADNH ) which was down 4.68% to 2.65 in late trade, Rak Cement Co (AD: RKCC ) which lost 2.60% to settle at 0.750 and Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 2.23% to 1.75 at the close.

Advancing stocks outnumbered falling ones by 21 to 9 and 8 ended unchanged; on the Abu Dhabi, 15 rose and 10 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.21% or 0.15 to $72.50 a barrel. Meanwhile, Brent oil for delivery in July rose 0.39% or 0.31 to hit $79.53 a barrel, while the June Gold Futures contract rose 0.22% or 2.90 to trade at $1293.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.20% to 4.3393.

The US Dollar Index Futures was down 0.16% at 93.31.

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