Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Banking, Consumer Staples and Real Estate & Construction sectors led shares higher.
At the close in Dubai, the DFM General rose 1.31% to hit a new 1-month high, while the ADX General index climbed 1.27%.
The best performers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 5.05% or 0.050 points to trade at 1.040 at the close. Meanwhile, Takaful Emarat PSC (DU:TKFE) added 4.56% or 0.110 points to end at 2.520 and Dubai Islamic Bank (DU:DISB) was up 4.34% or 0.230 points to 5.530 in late trade.
The worst performers of the session were Dubai Insurance Co PSC (DU:DINC), which fell 9.37% or 0.300 points to trade at 2.900 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.92% or 0.060 points to end at 1.470 and Mashreqbank PSC (DU:MASB) was down 2.99% or 2.00 points to 65.00.
The top performers on the ADX General were Ad Commercial (AD:ADCB) which rose 3.55% to 6.42, Aldar Properti (AD:ALDR) which was up 2.36% to settle at 2.600 and Natl Bk Of Ad (AD:NBAD) which gained 2.34% to close at 9.62.
The worst performers were Rak Cement Co (AD:RKCC) which was down 3.80% to 0.760 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.80% to settle at 1.0400 and Rak Ceramics (AD:RKCE) which was down 1.69% to 2.320 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 21 to 14 and 8 ended unchanged; on the Abu Dhabi Stock Exchange, 11 rose and 5 declined, while 8 ended unchanged.
Shares in Union Properties PJSC (DU:UPRO) rose to 52-week highs; up 5.05% or 0.050 to 1.040. Shares in Rak Ceramics (AD:RKCE) fell to 3-years lows; losing 1.69% or 0.040 to 2.320.
Crude oil for January delivery was down 0.66% or 0.34 to $51.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.29% or 0.16 to hit $54.78 a barrel, while the February Gold contract fell 0.28% or 3.35 to trade at $1173.15 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.05% to 3.9550.
The US Dollar Index was up 0.01% at 100.17.