Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Banking, Consumer Staples and Telecoms sectors led shares higher.
At the close in Dubai, the DFM General gained 1.17%, while the ADX General index gained 0.59%.
The best performers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 6.73% or 0.140 points to trade at 2.220 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 5.07% or 3.50 points to end at 72.50 and National Central Cooling Co. (DU:TABR) was up 4.40% or 0.080 points to 1.900 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which unchanged 0.00% or 0.000 points to trade at 2.020 at the close. Dubai National Insurance (DU:DNIN) unchanged 0.00% or 0.000 points to end at 3.040 and Dubai Insurance Co PSC (DU:DINC) was 0.00% or 0.000 points to 3.350.
The top performers on the ADX General were Gulf Medical Projects Co PSC (AD:GMPC) which rose 9.00% to 2.18, Ad Commercial (AD:ADCB) which was up 3.51% to settle at 7.08 and Bank Of Sharja (AD:BOS) which gained 1.67% to close at 1.220.
The worst performers were Invest Bank AD (AD:INVB) which was down 10.00% to 2.250 in late trade, Em Driving Co (AD:DRIV) which lost 10.00% to settle at 7.20 and Gulf Pharm Ind (AD:GPHI) which was down 5.86% to 2.250 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 35 to 4 and 1 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 8 ended unchanged.
Shares in Drake & Scull International PJSC (DU:DSI) rose to 52-week highs; rising 6.73% or 0.140 to 2.220.
Crude oil for January delivery was up 0.53% or 0.31 to $58.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 1.44% or 0.93 to hit $65.62 a barrel, while the February Gold Futures contract fell 0.09% or 1.10 to trade at $1245.80 a troy ounce.
USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.09% to 4.3267.
The US Dollar Index Futures was down 0.15% at 93.80.