Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Insurance, Consumer Staples and Real Estate & Construction sectors led shares higher.
At the close in Dubai, the DFM General gained 0.20% to hit a new 52-week high, while the ADX General index gained 0.64%.
The best performers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 9.00% or 0.090 points to trade at 1.090 at the close. Meanwhile, Takaful House (DU:DTKF) added 7.02% or 0.080 points to end at 1.220 and Islamic Arab Insurance Company (DU:SALAMA) was up 4.55% or 0.027 points to 0.620 in late trade.
The worst performers of the session were Union Properties PJSC (DU:UPRO), which fell 1.74% or 0.020 points to trade at 1.130 at the close. Drake & Scull International PJSC (DU:DSI) declined 1.66% or 0.009 points to end at 0.534 and Amanat Holdings PJSC (DU:AMANT) was down 1.64% or 0.020 points to 1.200.
The top performers on the ADX General were Union Cement (AD:UCC) which rose 8.40% to 1.290, Int Fish Farmi (AD:ASMK) which was up 6.05% to settle at 2.28 and Al Khazna Ins (AD:AKIC) which gained 4.76% to close at 0.440.
The worst performers were Ad Aviation (AD:ADAV) which was down 3.33% to 2.900 in late trade, Arkan Building Materials Co PJSC (AD:ARKN) which lost 2.20% to settle at 0.8900 and Bank Of Sharja (AD:BOS) which was down 1.36% to 1.450 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 23 to 12 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 5 declined, while 8 ended unchanged.
Shares in Union Cement (AD:UCC) rose to 52-week highs; up 8.40% or 0.100 to 1.290.
Crude oil for March delivery was down 0.71% or 0.37 to $51.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.36% or 0.20 to hit $54.85 a barrel, while the April Gold Futures contract rose 0.16% or 1.95 to trade at $1238.05 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.28% to 3.9117.
The US Dollar Index Futures was up 0.20% at 100.59.