Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Banking, Real Estate & Construction and Services sectors propelled shares higher.
At the close in Dubai, the DFM General added 0.68% to hit a new 1-month high, while the ADX General index gained 0.38%.
The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 7.18% or 0.027 points to trade at 0.403 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 5.46% or 0.029 points to end at 0.560 and National Central Cooling Co. (DU:TABR) was up 2.68% or 0.030 points to 1.150 in late trade.
Biggest losers included Oman Insurance Company P.S.C. (DU:OIC), which lost 20.50% or 0.410 points to trade at 1.590 in late trade. Commercial Bank of Dubai P.S.C. (DU:CBD) declined 5.66% or 0.300 points to end at 5.000 and SHUAA Capital PSC (DU:SHUA) shed 3.37% or 0.014 points to 0.401.
The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 3.57% to 0.290, Agthia Group (AD:AGTH) which was up 3.50% to settle at 7.40 and Ad Commercial (AD:ADCB) which gained 2.51% to close at 6.95.
The worst performers were Gulf Pharm Ind (AD:GPHI) which was down 5.04% to 2.45 in late trade, Gulf Cement Co (AD:GCEM) which lost 3.12% to settle at 0.93 and Methaq (AD:METH) which was down 2.90% to 0.670 at the close.
Advancing stocks outnumbered falling ones by 14 to 11 and 3 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 9 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for April delivery was down 0.69% or 0.23 to $33.16 a barrel. Meanwhile, Brent oil for delivery in April fell 0.23% or 0.08 to hit $34.61 a barrel, while the April Gold contract rose 0.64% or 7.80 to trade at $1217.90 a troy ounce.
USD/AED was down 0.00% to 3.6729, while EUR/AED fell 0.24% to 4.0420.
The US Dollar Index was up 0.03% at 97.41.