Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Services, Banking and Transport sectors led shares higher.
At the close in Dubai, the DFM General added 0.34%, while the ADX General index climbed 0.47%.
The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 12.99% or 10.00 points to trade at 87.00 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 5.63% or 0.090 points to end at 1.690 and Dubai Islamic Insurance Co. (DU:AMAN) was up 3.96% or 0.040 points to 1.050 in late trade.
The worst performers of the session were Arabtec Holding PJSC (DU:ARTC), which fell 1.38% or 0.020 points to trade at 1.430 at the close. AJMAN BANK PJSC (DU:AJBNK) declined 1.32% or 0.020 points to end at 1.500 and Dubai National Insurance (DU:DNIN) was down 1.15% or 0.030 points to 2.590.
The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 14.06% to 0.730, Foodco Holding PJSC (AD:FOOD) which was up 13.42% to settle at 6.00 and Waha Capital (AD:WAHA) which gained 3.91% to close at 2.390.
The worst performers were Int Fish Farmi (AD:ASMK) which was down 7.04% to 3.70 in late trade, Gulf Cement Co (AD:GCEM) which lost 2.91% to settle at 1.0000 and National Marine Dredging PSC (AD:NMDC) which was down 2.00% to 4.410 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 18 to 16 and 5 ended unchanged; on the Abu Dhabi, 17 rose and 7 declined, while 6 ended unchanged.
Shares in Mashreqbank PSC (DU:MASB) rose to 52-week highs; gaining 12.99% or 10.00 to 87.00. Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 3-years highs; rising 5.63% or 0.090 to 1.690. Shares in Foodco Holding PJSC (AD:FOOD) rose to 3-years highs; rising 13.42% or 0.71 to 6.00.
Crude oil for March delivery was up 0.40% or 0.21 to $52.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.29% or 0.16 to hit $55.39 a barrel, while the February Gold contract fell 0.30% or 3.60 to trade at $1212.00 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.33% to 3.9405.
The US Dollar Index was up 0.37% at 100.32.