Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Transport, Real Estate & Construction and Banking sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.49%, while the ADX General index gained 0.13%.
The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 4.15% or 0.027 points to trade at 0.677 at the close. Gulf General Investments Company (DU:GGIC) added 2.64% or 0.007 points to end at 0.272 and Air Arabia PJSC (DU:AIRA) was up 1.98% or 0.020 points to 1.030 in late trade.
Biggest losers included Gulf Navigation Holding PJSC (DU:GNAV), which lost 3.77% or 0.035 points to trade at 0.893 in late trade. Amlak Finance PJSC (DU:AMLK) declined 2.69% or 0.018 points to end at 0.650 and AJMAN BANK PJSC (DU:AJBNK) shed 2.43% or 0.023 points to 0.925.
The top performers on the ADX General were Ad Aviation (AD:ADAV) which rose 5.36% to 2.950, Rak Ceramics (AD:RKCE) which was up 5.26% to settle at 2.400 and International Holding Company PJSC (AD:IHC) which gained 5.04% to close at 1.25.
The worst performers were Emirates Ins C (AD:EIC) which was down 9.72% to 6.50 in late trade, National Takaful Co PJSC (AD:WATA) which lost 8.33% to settle at 0.55 and Rak Cement Co (AD:RKCC) which was down 7.79% to 0.710 at the close.
Declining stocks outnumbered rising ones by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 5 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for October delivery was up 0.55% or 0.38 to $68.91 a barrel. Meanwhile, Brent oil for delivery in November rose 0.31% or 0.24 to hit $76.53 a barrel, while the December Gold Futures contract fell 0.41% or 5.00 to trade at $1209.40 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.32% to 4.2818.
The US Dollar Index Futures was up 0.19% at 94.81.