United Arab Emirates shares higher at close of trade; DFM General up 0.06%

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United Arab Emirates shares higher at close of trade; DFM General up 0.06%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Wednesday, as gains in the Transport , Finance & Investment and Consumer Staples sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.06%, while the ADX General index climbed 0.50%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 2.47% or 0.130 points to trade at 5.390 at the close. Dubai Financial Market PJSC (DU: DFM ) added 1.77% or 0.020 points to end at 1.150 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.14% or 0.010 points to 0.891 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 9.52% or 0.300 points to trade at 2.850 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 2.61% or 0.090 points to end at 3.360 and SHUAA Capital PSC (DU: SHUA ) shed 1.64% or 0.020 points to 1.200.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 5.13% to 0.820, Union Natl Bk (AD: UNB ) which was up 4.94% to settle at 4.670 and Natl Bk Of Rak (AD: RAKB ) which gained 4.17% to close at 4.50.

The worst performers were Int Fish Farmi (AD: ASMK ) which was down 5.41% to 1.40 in late trade, Sharjah Islami (AD: SIB ) which lost 1.48% to settle at 1.330 and Methaq (AD: METH ) which was down 1.18% to 0.840 at the close.

Declining stocks outnumbered rising ones by 17 to 13 and 7 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.68% or 0.79 to $46.28 a barrel. Meanwhile, Brent oil for delivery in September fell 1.47% or 0.73 to hit $48.88 a barrel, while the August Gold Futures contract rose 0.13% or 1.55 to trade at $1220.75 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.22% to 4.1584.

The US Dollar Index Futures was up 0.18% at 96.16.

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