Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Banking, Finance & Investment and Transport sectors propelled shares higher.
At the close in Dubai, the DFM General gained 4.92%, while the ADX General index gained 3.68%.
The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 9.86% or 0.690 points to trade at 7.690 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 9.37% or 0.071 points to end at 0.829 and Dubai National Insurance (DU:DNIN) was up 6.67% or 0.150 points to 2.400 in late trade.
Biggest losers included AJMAN BANK PJSC (DU:AJBNK), which lost 1.82% or 0.040 points to trade at 2.160 in late trade. Gulf General Investments Company (DU:GGIC) declined 1.12% or 0.006 points to end at 0.531 and Takaful House (DU:DTKF) shed 0.46% or 0.002 points to 0.433.
The top performers on the ADX General were Abu Dhabi National Hotels Co (AD:ADNH) which rose 14.00% to 2.85, Commercial Bank International (AD:CBI) which was up 13.81% to settle at 2.39 and First Gulf Bk (AD:FGB) which gained 12.38% to close at 11.35.
The worst performers were Gulf Medical Projects Co PSC (AD:GMPC) which was down 8.33% to 2.20 in late trade, Invest Bank AD (AD:INVB) which lost 5.88% to settle at 1.60 and Gulf Cement Co (AD:GCEM) which was down 5.15% to 0.92 at the close.
Advancing stocks outnumbered falling ones by 27 to 3; on the Abu Dhabi, 25 rose and 5 declined on the Dubai Stock Exchange.
In commodities trading, Crude oil for March delivery was up 1.61% or 0.54 to $33.76 a barrel. Meanwhile, Brent oil for delivery in April rose 3.19% or 1.11 to hit $35.91 a barrel, while the February Gold contract rose 0.18% or 2.00 to trade at $1117.60 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.97% to 3.9787.
The US Dollar Index was up 0.99% at 99.60.