United Arab Emirates stocks were higher after the close on
Tuesday, as gains in the Transport, Consumer Staples and Finance &
Investment sectors led shares higher.
At the close in Dubai, the DFM General added 0.49%, while
the ADX General index gained 1.03%.
The best performers of the session on the DFM General were
Mashreqbank PSC (DU:MASB), which rose 6.25% or 5.00 points to trade at 85.00 at
the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 3.82% or
0.023 points to end at 0.625 and Marka Pjse (DU:MARKA) was up 3.48% or 0.04
points to 1.19 in late trade.
The worst performers of the session were Takaful Emarat PSC
(DU:TKFE), which fell 3.43% or 0.060 points to trade at 1.690 at the close.
Gulf General Investments Company (DU:GGIC) declined 2.58% or 0.017 points to
end at 0.643 and Emaar Malls Group (DU:EMAA) was down 1.45% or 0.04 points to
2.72.
The top performers on the ADX General were Ad Islamic Bk
(AD:ADIB) which rose 3.67% to 3.95, Rak Cmt & Cons (AD:RAKC) which was up
3.33% to settle at 1.24 and Natl Bk Of Rak (AD:RAKB) which gained 3.33% to
close at 6.20.
The worst performers were Ad Natl Ins Co (AD:ADNI) which was
down 10.00% to 2.88 in late trade, Abu Dhabi National Hotels Co (AD:ADNH) which
lost 5.92% to settle at 2.70 and Invest Bank AD (AD:INVB) which was down 2.91%
to 2.00 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock
Exchange by 19 to 7; on the Abu Dhabi Stock Exchange, 12 rose and 11 declined,
while 3 ended unchanged.
Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to
52-week highs; rising 3.82% or 0.023 to 0.625. Shares in Ad Natl Ins Co
(AD:ADNI) fell to all time lows; down 10.00% or 0.32 to 2.88.
Crude oil for February delivery was up 0.31% or 0.12 to
$36.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in
February rose 0.34% or 0.12 to hit $36.74 a barrel, while the February Gold
contract rose 0.03% or 0.30 to trade at $1068.60 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.01% to
4.0292.
The US Dollar Index was up 0.10% at 98.08.
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