Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Banking, Telecoms and Finance & Investment sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.65% to hit a new 1-month high, while the ADX General index climbed 1.12%.
The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 2.92% or 0.020 points to trade at 0.705 at the close. SHUAA Capital PSC (DU:SHUA) added 2.91% or 0.030 points to end at 1.060 and Emirates NBD PJSC (DU:ENBD) was up 2.43% or 0.250 points to 10.550 in late trade.
Biggest losers included Commercial Bank of Dubai P.S.C. (DU:CBD), which lost 4.76% or 0.200 points to trade at 4.000 in late trade. National General Insurance Co PSC (DU:NGIN) declined 2.38% or 0.05 points to end at 2.05 and Gulf Navigation Holding PJSC (DU:GNAV) shed 1.65% or 0.016 points to 0.952.
The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 5.26% to 0.800, Ad Natl Energy (AD:TAQA) which was up 4.24% to settle at 1.230 and International Holding Company PJSC (AD:IHC) which gained 4.03% to close at 1.29.
The worst performers were Finance House (AD:FH) which was down 10.00% to 1.620 in late trade, Waha Capital (AD:WAHA) which lost 2.22% to settle at 1.760 and Eshraq Properties Co PJSC (AD:ESHR) which was down 1.61% to 0.6100 at the close.
Advancing stocks outnumbered falling ones by 23 to 15 and 4 ended unchanged; on the Abu Dhabi, 14 rose and 6 declined, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 0.15% or 0.10 to $68.42 a barrel. Meanwhile, Brent oil for delivery in September rose 0.42% or 0.31 to hit $73.75 a barrel, while the August Gold Futures contract rose 0.45% or 5.50 to trade at $1231.00 a troy ounce.
USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.08% to 4.2946.
The US Dollar Index Futures was down 0.12% at 94.28.