Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Insurance, Transport and Consumer Staples sectors propelled shares higher.
At the close in Dubai, the DFM General added 0.50% to hit a new 1-month high, while the ADX General index climbed 1.04%.
The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 8.88% or 0.054 points to trade at 0.662 at the close. ARAMEX PJSC (DU:ARMX) added 4.69% or 0.160 points to end at 3.570 and Takaful House (DU:DTKF) was up 3.83% or 0.023 points to 0.623 in late trade.
Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 3.80% or 0.070 points to trade at 1.840 in late trade. Union Properties PJSC (DU:UPRO) declined 1.60% or 0.020 points to end at 1.230 and SHUAA Capital PSC (DU:SHUA) shed 1.54% or 0.010 points to 0.650.
The top performers on the ADX General were Methaq (AD:METH) which rose 14.46% to 0.950, Arkan Bld Mt C (AD:ARKN) which was up 7.84% to settle at 1.10 and Ad Commercial (AD:ADCB) which gained 4.01% to close at 8.30.
The worst performers were Al Khazna Ins (AD:AKIC) which was down 9.52% to 0.380 in late trade, Sharjah Cement AD (AD:SCID) which lost 5.50% to settle at 1.03 and Ad Natl Energy (AD:TAQA) which was down 2.86% to 0.680 at the close.
Advancing stocks outnumbered falling ones by 16 to 11; on the Abu Dhabi, 12 rose and 10 declined, while 2 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 1.13% or 0.57 to $50.28 a barrel. Meanwhile, Brent oil for delivery in September fell 0.66% or 0.38 to hit $56.66 a barrel, while the August Gold contract fell 0.98% or 10.80 to trade at $1092.70 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.13% to 4.0147.
The US Dollar Index was up 0.04% at 97.45.