United Arab Emirates shares higher at close of trade; DFM General up 0.58%

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United Arab Emirates shares higher at close of trade; DFM General up 0.58%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.58% to hit a new 1-month high, while the ADX General index gained 1.84%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which rose 9.03% or 0.290 points to trade at 3.500 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 3.33% or 0.050 points to end at 1.550 and Dubai Islamic Bank (DU: DISB ) was up 1.77% or 0.100 points to 5.760 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 1.68% or 0.014 points to trade at 0.820 in late trade. Takaful House (DU: DTKF ) declined 1.61% or 0.020 points to end at 1.220 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.52% or 0.020 points to 1.300.

The top performers on the ADX General were Natl Bk Of Ad (AD: NBAD ) which rose 4.81% to 10.90, Rak Properties (AD: RPRO ) which was up 3.13% to settle at 0.660 and Gulf Cement Co (AD: GCEM ) which gained 2.80% to close at 1.1000.

The worst performers were Ad Natl Energy (AD: TAQA ) which was down 5.26% to 0.540 in late trade, Al Khazna Ins (AD: AKIC ) which lost 4.76% to settle at 0.400 and Int Fish Farmi (AD: ASMK ) which was down 1.51% to 1.96 at the close.

Declining stocks outnumbered rising ones by 14 to 14 and 7 ended unchanged; on the Abu Dhabi, 11 rose and 7 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.46% or 0.23 to $50.47 a barrel. Meanwhile, Brent oil for delivery in June rose 0.49% or 0.26 to hit $53.38 a barrel, while the June Gold Futures contract rose 0.48% or 6.05 to trade at $1260.05 a troy ounce.

USD/AED was up 0.00% to 3.6729, while EUR/AED fell 0.26% to 3.9096.

The US Dollar Index Futures was up 0.20% at 100.56.

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