Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Insurance, Telecoms and Banking sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.09%, while the ADX General index added 0.21%.
The biggest gainers of the session on the DFM General were Dubai Insurance Co PSC (DU:DINC), which rose 14.83% or 0.430 points to trade at 3.330 at the close. Islamic Arab Insurance Company (DU:SALAMA) added 3.31% or 0.020 points to end at 0.625 and AJMAN BANK PJSC (DU:AJBNK) was up 2.61% or 0.040 points to 1.570 in late trade.
Biggest losers included Gulf Navigation Holding PJSC (DU:GNAV), which lost 2.44% or 0.040 points to trade at 1.600 in late trade. National Central Cooling Co. (DU:TABR) declined 1.58% or 0.030 points to end at 1.870 and Marka Pjse (DU:MARKA) shed 1.32% or 0.02 points to 1.49.
The top performers on the ADX General were Methaq (AD:METH) which rose 4.40% to 0.950, Ad Shipbldg Co (AD:ADSB) which was up 3.33% to settle at 3.100 and Al Khazna Ins (AD:AKIC) which gained 2.33% to close at 0.440.
The worst performers were Int Fish Farmi (AD:ASMK) which was down 7.49% to 4.20 in late trade, Abu Dhabi National Hotels Co (AD:ADNH) which lost 4.46% to settle at 3.00 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 1.96% to 1.0000 at the close.
Advancing stocks outnumbered falling ones by 22 to 9 and 10 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 11 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for February delivery was up 1.32% or 0.69 to $53.06 a barrel. Meanwhile, Brent oil for delivery in March rose 1.16% or 0.65 to hit $56.51 a barrel, while the February Gold contract rose 1.74% or 20.85 to trade at $1217.05 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 0.84% at 100.68.