Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Banking, Finance & Investment and Real Estate & Construction sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.78%, while the ADX General index added 0.78%.
The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU:CBD), which rose 5.76% or 0.220 points to trade at 4.040 at the close. National General Insurance Co PSC (DU:NGIN) added 4.71% or 0.09 points to end at 2.00 and ARAMEX PJSC (DU:ARMX) was up 2.24% or 0.090 points to 4.110 in late trade.
Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 5.81% or 0.037 points to trade at 0.600 in late trade. Deyaar Development PJSC (DU:DEYR) declined 4.39% or 0.020 points to end at 0.436 and Drake & Scull International PJSC (DU:DSI) shed 4.29% or 0.016 points to 0.357.
The top performers on the ADX General were Sharjah Cement AD (AD:SCID) which rose 7.41% to 1.000, Methaq (AD:METH) which was up 2.56% to settle at 0.800 and Abu Dhabi National Hotels Co (AD:ADNH) which gained 1.75% to close at 2.90.
The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 1.46% to 0.5400 in late trade, Rak Ceramics (AD:RKCE) which lost 1.31% to settle at 2.260 and Gulf Cement Co (AD:GCEM) which was down 1.07% to 0.9200 at the close.
Declining stocks outnumbered rising ones by 21 to 15 and 5 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 3 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for November delivery was down 0.30% or 0.22 to $72.06 a barrel. Meanwhile, Brent oil for delivery in December fell 0.31% or 0.25 to hit $81.01 a barrel, while the December Gold Futures contract fell 0.15% or 1.80 to trade at $1203.30 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.18% to 4.3149.
The US Dollar Index Futures was up 0.16% at 93.88.