United Arab Emirates shares lower at close of trade; DFM General down 0.07%

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United Arab Emirates shares lower at close of trade; DFM General down 0.07%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Consumer Staples , Insurance and Transport sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.07% to hit a new 52-week low, while the ADX General index fell 1.33%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 1.54% or 0.020 points to trade at 1.320 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 0.99% or 0.010 points to end at 1.020 and SHUAA Capital PSC (DU: SHUA ) was up 0.98% or 0.010 points to 1.030 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU: SALAMA ), which lost 3.72% or 0.016 points to trade at 0.414 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 2.86% or 0.030 points to end at 1.020 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 2.55% or 0.012 points to 0.458.

The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 1.63% to 1.250, International Holding Company PJSC (AD: IHC ) which was up 1.38% to settle at 1.47 and Bank Of Sharja (AD: BOS ) which gained 0.92% to close at 1.100.

The worst performers were Ad Commercial (AD: ADCB ) which was down 3.41% to 6.52 in late trade, First Abu Dhabi Bank PJSC (AD: FAB ) which lost 2.98% to settle at 11.40 and Dana Gas (AD: DANA ) which was down 2.22% to 0.880 at the close.

Declining stocks outnumbered rising ones by 19 to 14 and 6 ended unchanged; on the Abu Dhabi, 9 fell and 5 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.72% or 0.47 to $64.78 a barrel. Meanwhile, Brent oil for delivery in June fell 0.49% or 0.34 to hit $69.12 a barrel, while the April Gold Futures contract fell 0.39% or 5.30 to trade at $1336.70 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.08% to 4.5518.

The US Dollar Index Futures was up 0.21% at 89.15.

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