Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Real Estate & Construction, Finance & Investment and Telecoms sectors led shares higher.
At the close in Dubai, the DFM General added 1.66%, while the ADX General index gained 0.64%.
The best performers of the session on the DFM General were Damac Properties Dubai Co PSC (DU:DAMAC), which rose 15.00% or 0.48 points to trade at 3.68 at the close. Meanwhile, Arabtec Holding PJSC (DU:ARTC) added 6.61% or 0.150 points to end at 2.420 and Dubai Islamic Insurance Co. (DU:AMAN) was up 5.59% or 0.038 points to 0.718 in late trade.
The worst performers of the session were Gulf General Investments Company (DU:GGIC), which fell 2.09% or 0.020 points to trade at 0.935 at the close. Emaar Malls Group (DU:EMAA) declined 1.83% or 0.06 points to end at 3.22 and Islamic Arab Insurance Company (DU:SALAMA) was down 1.35% or 0.008 points to 0.585.
The top performers on the ADX General were Natl Co Bldg M (AD:BILD) which rose 6.67% to 0.640, Dana Gas (AD:DANA) which was up 5.56% to settle at 0.570 and Ad Natl Energy (AD:TAQA) which gained 2.99% to close at 0.690.
The worst performers were Methaq (AD:METH) which was down 9.24% to 1.080 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 4.17% to settle at 5.51 and Agthia Group (AD:AGTH) which was down 3.06% to 7.60 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 20 to 5 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 11 fell and 10 advanced, while 1 ended unchanged.
Shares in Damac Properties Dubai Co PSC (DU:DAMAC) rose to all time highs; up 15.00% or 0.48 to 3.68.
Crude oil for September delivery was up 0.49% or 0.23 to $45.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.64% or 0.32 to hit $50.31 a barrel, while the December Gold contract fell 0.41% or 4.50 to trade at $1086.20 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.11% to 3.9943.
The US Dollar Index was up 0.04% at 98.08.