Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Insurance, Transport and Telecoms sectors propelled shares higher.
At the close in Dubai, the DFM General added 1.22%, while the ADX General index gained 0.69%.
The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 7.96% or 0.045 points to trade at 0.610 at the close. Mashreqbank PSC (DU:MASB) added 4.35% or 5.00 points to end at 120.00 and Dubai Islamic Insurance Co. (DU:AMAN) was up 2.97% or 0.019 points to 0.659 in late trade.
Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 2.12% or 0.040 points to trade at 1.850 in late trade. National Central Cooling Co. (DU:TABR) declined 1.33% or 0.020 points to end at 1.480 and Gulf Navigation Holding PJSC (DU:GNAV) shed 1.30% or 0.005 points to 0.380.
The top performers on the ADX General were Methaq (AD:METH) which rose 6.85% to 0.780, Bank Of Sharja (AD:BOS) which was up 3.23% to settle at 1.60 and Sharjah Cement AD (AD:SCID) which gained 2.86% to close at 1.08.
The worst performers were Al-Qaiwain Cmn (AD:QCEM) which was down 9.52% to 1.14 in late trade, Natl Co Bldg M (AD:BILD) which lost 3.17% to settle at 0.610 and Ad Natl Energy (AD:TAQA) which was down 2.90% to 0.670 at the close.
Advancing stocks outnumbered falling ones by 22 to 5 and 1 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined on the Dubai Stock Exchange.
In commodities trading, Crude oil for August delivery was down 1.38% or 0.73 to $52.31 a barrel. Meanwhile, Brent oil for delivery in September fell 1.38% or 0.81 to hit $57.87 a barrel, while the August Gold contract fell 0.62% or 7.20 to trade at $1146.30 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.66% to 4.0164.
The US Dollar Index was up 0.61% at 97.39.