United Arab Emirates stocks higher at close of trade; DFM General up 0.09%

© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.09%© Reuters. United Arab Emirates stocks higher at close of trade; DFM General up 0.09%

Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher.

At the close in Dubai, the gained 0.09%, while the index climbed 0.21%.

The best performers of the session on the were Dubai Insurance Co PSC (DU:), which rose 14.83% or 0.430 points to trade at 3.330 at the close. Meanwhile, Islamic Arab Insurance Company (DU:) added 3.31% or 0.020 points to end at 0.625 and AJMAN BANK PJSC (DU:) was up 2.61% or 0.040 points to 1.570 in late trade.

The worst performers of the session were Gulf Navigation Holding PJSC (DU:), which fell 2.44% or 0.040 points to trade at 1.600 at the close. National Central Cooling Co. (DU:) declined 1.58% or 0.030 points to end at 1.870 and Marka Pjse (DU:) was down 1.32% or 0.02 points to 1.49.

The top performers on the ADX General were Methaq (AD:) which rose 4.40% to 0.950, Ad Shipbldg Co (AD:) which was up 3.33% to settle at 3.100 and Al Khazna Ins (AD:) which gained 2.33% to close at 0.440.

The worst performers were Int Fish Farmi (AD:) which was down 7.49% to 4.20 in late trade, Abu Dhabi National Hotels Co (AD:) which lost 4.46% to settle at 3.00 and Arkan Building Materials Co PJSC (AD:) which was down 1.96% to 1.0000 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 22 to 9 and 10 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 11 ended unchanged.

Shares in Dubai Insurance Co PSC (DU:) rose to 5-year highs; rising 14.83% or 0.430 to 3.330.

Crude oil for February delivery was up 1.34% or 0.70 to $ 53.07 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.13% or 0.63 to hit $ 56.49 a barrel, while the February Gold contract rose 1.76% or 21.05 to trade at $ 1217.25 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED rose 0.87% to 3.9276.

The US Dollar Index was down 0.86% at 100.66.

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