Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Services, Banking and Real Estate & Construction sectors propelled shares higher.
At the close in Dubai, the DFM General added 0.59%, while the ADX General index climbed 0.70%.
The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 7.24% or 0.110 points to trade at 1.630 at the close. Takaful House (DU:DTKF) added 3.23% or 0.040 points to end at 1.280 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.87% or 0.030 points to 1.630 in late trade.
Biggest losers included DXB Entertainments (P.J.S.C.) (DU:DXBE), which lost 2.42% or 0.030 points to trade at 1.210 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 0.97% or 0.010 points to end at 1.020 and Arabtec Holding PJSC (DU:ARTC) shed 0.69% or 0.010 points to 1.430.
The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 4.48% to 0.700, Eshraq Properties Co PJSC (AD:ESHR) which was up 3.85% to settle at 1.0800 and Gulf Pharm Ind (AD:GPHI) which gained 3.54% to close at 2.340.
The worst performers were Rak Cement Co (AD:RKCC) which was down 7.37% to 0.880 in late trade, Int Fish Farmi (AD:ASMK) which lost 4.52% to settle at 4.01 and Emirates Telec (AD:ETEL) which was down 0.53% to 18.80 at the close.
Advancing stocks outnumbered falling ones by 25 to 6 and 9 ended unchanged; on the Abu Dhabi, 11 rose and 6 declined, while 10 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for February delivery was down 1.37% or 0.72 to $51.76 a barrel. Meanwhile, Brent oil for delivery in March fell 1.24% or 0.69 to hit $54.78 a barrel, while the February Gold contract fell 0.03% or 0.35 to trade at $1212.55 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.28% to 3.9231.
The US Dollar Index was up 0.38% at 100.64.