Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Insurance, Consumer Staples and Real Estate & Construction sectors led shares higher.
At the close in Dubai, the DFM General gained 1.80%, while the ADX General index gained 1.24%.
The best performers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 14.92% or 0.108 points to trade at 0.832 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 11.19% or 0.067 points to end at 0.666 and National Cement Company P.S.C. (DU:NCC) was up 10.34% or 0.300 points to 3.200 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 6.32% or 0.160 points to trade at 2.370 at the close. Takaful House (DU:DTKF) declined 1.36% or 0.020 points to end at 1.450 and Gulf General Investments Company (DU:GGIC) was down 0.38% or 0.002 points to 0.524.
The top performers on the ADX General were Al Khazna Ins (AD:AKIC) which rose 4.88% to 0.430, Ad Commercial (AD:ADCB) which was up 4.38% to settle at 7.15 and Eshraq Properties Co PJSC (AD:ESHR) which gained 3.92% to close at 1.0600.
The worst performers were Gulf Cement Co (AD:GCEM) which was down 7.00% to 0.9300 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 4.36% to settle at 2.850 and Int Fish Farmi (AD:ASMK) which was down 2.93% to 1.99 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 31 to 7 and 4 ended unchanged; on the Abu Dhabi, 17 rose and 6 declined, while 5 ended unchanged.
Shares in Dubai Islamic Insurance Co. (DU:AMAN) rose to 52-week highs; up 14.92% or 0.108 to 0.832. Shares in Islamic Arab Insurance Company (DU:SALAMA) rose to 52-week highs; gaining 11.19% or 0.067 to 0.666.
Crude oil for February delivery was up 2.25% or 1.21 to $54.93 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.22% or 1.26 to hit $58.08 a barrel, while the February Gold contract fell 0.32% or 3.70 to trade at $1148.00 a troy ounce.
USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.55% to 3.8187.
The US Dollar Index was up 0.97% at 103.36.