Investing.com – United Arab Emirates equities were higher at the close on Tuesday, as gains in the Services, Banking and Transport sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.34%, while the ADX General index gained 0.47%.
The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 12.99% or 10.00 points to trade at 87.00 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 5.63% or 0.090 points to end at 1.690 and Dubai Islamic Insurance Co. (DU:AMAN) was up 3.96% or 0.040 points to 1.050 in late trade.
Biggest losers included Arabtec Holding PJSC (DU:ARTC), which lost 1.38% or 0.020 points to trade at 1.430 in late trade. AJMAN BANK PJSC (DU:AJBNK) declined 1.32% or 0.020 points to end at 1.500 and Dubai National Insurance (DU:DNIN) shed 1.15% or 0.030 points to 2.590.
The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 14.06% to 0.730, Foodco Holding PJSC (AD:FOOD) which was up 13.42% to settle at 6.00 and Waha Capital (AD:WAHA) which gained 3.91% to close at 2.390.
The worst performers were Int Fish Farmi (AD:ASMK) which was down 7.04% to 3.70 in late trade, Gulf Cement Co (AD:GCEM) which lost 2.91% to settle at 1.0000 and National Marine Dredging PSC (AD:NMDC) which was down 2.00% to 4.410 at the close.
Advancing stocks outnumbered falling ones by 18 to 16 and 5 ended unchanged; on the Abu Dhabi, 17 rose and 7 declined, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for March delivery was up 0.40% or 0.21 to $52.96 a barrel. Meanwhile, Brent oil for delivery in March rose 0.27% or 0.15 to hit $55.38 a barrel, while the February Gold contract fell 0.30% or 3.60 to trade at $1212.00 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.33% to 3.9405.
The US Dollar Index was up 0.38% at 100.33.