Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Finance & Investment, Real Estate & Construction and Consumer Staples sectors led shares higher.
At the close in Dubai, the DFM General gained 0.78% to hit a new 3-months high, while the ADX General index gained 1.06%.
The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 6.76% or 5.00 points to trade at 79.00 at the close. Meanwhile, Dubai Financial Market PJSC (DU:DFM) added 5.52% or 0.080 points to end at 1.530 and Gulf Navigation Holding PJSC (DU:GNAV) was up 3.45% or 0.032 points to 0.960 in late trade.
The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 4.26% or 0.060 points to trade at 1.350 at the close. Deyaar Development PJSC (DU:DEYR) declined 1.89% or 0.013 points to end at 0.674 and Union Properties PJSC (DU:UPRO) was down 1.33% or 0.012 points to 0.888.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 3.57% to 2.90, First Gulf Bk (AD:FGB) which was up 3.31% to settle at 12.50 and Gulf Pharm Ind (AD:GPHI) which gained 1.60% to close at 2.54.
The worst performers were Natl Co Bldg M (AD:BILD) which was down 7.27% to 0.510 in late trade, Al Khazna Ins (AD:AKIC) which lost 5.71% to settle at 0.330 and Natl Bk Of Ad (AD:NBAD) which was down 3.18% to 8.52 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 13 to 13 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 11 rose and 10 declined, while 7 ended unchanged.
Crude oil for May delivery was down 1.85% or 0.78 to $41.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 1.34% or 0.60 to hit $44.09 a barrel, while the June Gold contract fell 1.37% or 17.30 to trade at $1243.60 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.66% to 4.1530.
The US Dollar Index was up 0.58% at 94.57.