Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Insurance, Real Estate & Construction and Finance & Investment sectors propelled shares higher.
At the close in Dubai, the DFM General gained 2.42%, while the ADX General index climbed 0.65%.
The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU:ARTC), which rose 15.00% or 0.126 points to trade at 0.966 at the close. Oman Insurance Company P.S.C. (DU:OIC) added 14.67% or 0.220 points to end at 1.720 and Union Properties PJSC (DU:UPRO) was up 10.75% or 0.099 points to 1.020 in late trade.
Biggest losers included Air Arabia PJSC (DU:AIRA), which lost 0.82% or 0.010 points to trade at 1.210 in late trade. Emirates NBD PJSC (DU:ENBD) declined 0.48% or 0.040 points to end at 8.360 and Emirate Integrated Telecom Co PJSC (DU:DU) shed 0.17% or 0.010 points to 6.000.
The top performers on the ADX General were Commercial Bank International (AD:CBI) which rose 10.00% to 1.980, Arkan Building Materials Co PJSC (AD:ARKN) which was up 6.49% to settle at 0.8200 and Methaq (AD:METH) which gained 4.71% to close at 0.890.
The worst performers were Ad Natl Ins Co (AD:ADNI) which was down 9.09% to 2.700 in late trade, Bank Of Sharja (AD:BOS) which lost 2.84% to settle at 1.370 and Agthia Group (AD:AGTH) which was down 1.55% to 6.35 at the close.
Advancing stocks outnumbered falling ones by 30 to 4 and 1 ended unchanged; on the Abu Dhabi, 16 rose and 6 declined, while 5 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for April delivery was down 0.50% or 0.27 to $54.06 a barrel. Meanwhile, Brent oil for delivery in April fell 0.53% or 0.30 to hit $56.36 a barrel, while the April Gold Futures contract fell 0.08% or 1.05 to trade at $1237.85 a troy ounce.
USD/AED was unchanged 0.00% to 3.6728, while EUR/AED fell 0.28% to 3.8586.
The US Dollar Index Futures was up 0.16% at 101.61.