Investing.com – United Arab Emirates stocks were higher after the close on Wednesday, as gains in the Finance & Investment, Real Estate & Construction and Insurance sectors led shares higher.
At the close in Dubai, the DFM General rose 0.02%, while the ADX General index added 1.11%.
The best performers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 9.63% or 0.180 points to trade at 2.050 at the close. Meanwhile, Damac Properties Dubai Co PSC (DU:DAMAC) added 2.72% or 0.090 points to end at 3.400 and Arabtec Holding PJSC (DU:ARTC) was up 2.15% or 0.050 points to 2.380 in late trade.
The worst performers of the session were Mashreqbank PSC (DU:MASB), which fell 6.25% or 4.60 points to trade at 69.00 at the close. ARAMEX PJSC (DU:ARMX) declined 1.67% or 0.080 points to end at 4.720 and Emaar Malls (DU:EMAA) was down 1.41% or 0.030 points to 2.100.
The top performers on the ADX General were Em Driving Co (AD:DRIV) which rose 3.23% to 8.00, Rak Cement Co (AD:RKCC) which was up 3.17% to settle at 0.650 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 3.08% to close at 0.6700.
The worst performers were Union Cement (AD:UCC) which was down 8.57% to 1.280 in late trade, Foodco Holding PJSC (AD:FOOD) which lost 8.51% to settle at 4.30 and Finance House (AD:FH) which was down 5.46% to 1.730 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 15 to 12 and 12 ended unchanged; on the Abu Dhabi, 14 fell and 13 advanced, while 10 ended unchanged.
Shares in Emaar Malls (DU:EMAA) fell to 52-week lows; falling 1.41% or 0.030 to 2.100. Shares in Foodco Holding PJSC (AD:FOOD) fell to 52-week lows; falling 8.51% or 0.40 to 4.30.
Crude oil for January delivery was down 0.69% or 0.40 to $57.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.56% or 0.35 to hit $62.51 a barrel, while the February Gold Futures contract rose 0.43% or 5.40 to trade at $1270.30 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.02% to 4.3427.
The US Dollar Index Futures was up 0.06% at 93.33.