Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Finance & Investment, Banking and Insurance sectors led shares higher.
At the close in Dubai, the DFM General added 0.97%, while the ADX General index climbed 0.56%.
The best performers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU:CBD), which rose 7.84% or 0.400 points to trade at 5.500 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 5.35% or 0.023 points to end at 0.453 and Gulf General Investments Company (DU:GGIC) was up 5.00% or 0.029 points to 0.609 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 4.55% or 0.100 points to trade at 2.100 at the close. Marka Pjse (DU:MARKA) declined 3.42% or 0.04 points to end at 1.13 and Dubai Parks and Resorts PJSC (DU:DUBA) was down 1.55% or 0.020 points to 1.270.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 5.45% to 2.90, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 4.26% to settle at 0.490 and Methaq (AD:METH) which gained 2.50% to close at 0.820.
The worst performers were Int Fish Farmi (AD:ASMK) which was down 6.76% to 1.38 in late trade, Gulf Pharm Ind (AD:GPHI) which lost 5.96% to settle at 2.21 and Rak Ceramics (AD:RKCE) which was down 4.41% to 3.25 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 6 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 12 rose and 9 declined, while 7 ended unchanged.
Shares in Marka Pjse (DU:MARKA) fell to 52-week lows; falling 3.42% or 0.04 to 1.13. Shares in Gulf Pharm Ind (AD:GPHI) fell to 3-years lows; falling 5.96% or 0.14 to 2.21.
Crude oil for July delivery was down 0.40% or 0.19 to $47.89 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.56% or 0.27 to hit $48.08 a barrel, while the June Gold contract fell 0.80% or 9.95 to trade at $1241.55 a troy ounce.
USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.32% to 4.1078.
The US Dollar Index was up 0.17% at 95.39.