Investing.com – United Arab Emirates stocks were higher after the close on Tuesday, as gains in the Insurance, Banking and Transport sectors led shares higher.
At the close in Dubai, the DFM General rose 1.06% to hit a new 3-months high, while the ADX General index added 0.99%.
The best performers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 14.40% or 0.070 points to trade at 0.556 at the close. Meanwhile, Takaful House (DU:DTKF) added 9.92% or 0.051 points to end at 0.565 and AJMAN BANK PJSC (DU:AJBNK) was up 5.91% or 0.120 points to 2.150 in late trade.
The worst performers of the session were Emaar Malls Group (DU:EMAA), which fell 1.68% or 0.05 points to trade at 2.93 at the close. Mashreqbank PSC (DU:MASB) declined 1.20% or 1.00 points to end at 82.00 and Dubai Parks and Resorts PJSC (DU:DUBA) was down 0.72% or 0.010 points to 1.380.
The top performers on the ADX General were National Corp Tourism Hotels (AD:NCTH) which rose 14.97% to 4.38, Ad Islamic Bk (AD:ADIB) which was up 9.49% to settle at 4.73 and Al Khazna Ins (AD:AKIC) which gained 8.82% to close at 0.370.
The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 4.05% to 2.84 in late trade, National Marine Dredging PSC (AD:NMDC) which lost 1.51% to settle at 5.22 and Emirates Telec (AD:ETEL) which was down 0.26% to 18.95 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 27 to 5 and 2 ended unchanged; on the Abu Dhabi Stock Exchange, 27 rose and 3 declined, while 3 ended unchanged.
Crude oil for June delivery was up 1.51% or 0.62 to $41.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 1.96% or 0.84 to hit $43.75 a barrel, while the June Gold contract rose 0.71% or 8.80 to trade at $1243.80 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.17% to 4.1631.
The US Dollar Index was down 0.15% at 94.31.