United Arab Emirates shares lower at close of trade; DFM General down 0.25%

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United Arab Emirates shares lower at close of trade; DFM General down 0.25%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Finance & Investment , Real Estate & Construction and Services sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.25%, while the ADX General index declined 0.28%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 4.37% or 0.080 points to trade at 1.910 at the close. ARAMEX PJSC (DU: ARMX ) added 4.04% or 0.190 points to end at 4.890 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 2.96% or 0.019 points to 0.660 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 2.38% or 0.060 points to trade at 2.460 in late trade. Marka Pjse (DU: MARKA ) declined 2.36% or 0.01 points to end at 0.62 and SHUAA Capital PSC (DU: SHUA ) shed 1.77% or 0.020 points to 1.110.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 2.38% to 0.430, Bank Of Sharja (AD: BOS ) which was up 1.67% to settle at 1.220 and Emirates Telec (AD: ETEL ) which gained 0.92% to close at 16.40.

The worst performers were Al Ain Ahlia Insurance Co PSC (AD: AAIC ) which was down 6.98% to 38.00 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 5.26% to settle at 2.70 and Dana Gas (AD: DANA ) which was down 2.78% to 0.700 at the close.

Declining stocks outnumbered rising ones by 19 to 11 and 12 ended unchanged; on the Abu Dhabi, 9 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.76% or 0.44 to $57.55 a barrel. Meanwhile, Brent oil for delivery in February fell 0.96% or 0.61 to hit $62.63 a barrel, while the December Gold Futures contract fell 0.11% or 1.40 to trade at $1293.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.03% to 4.3477.

The US Dollar Index Futures was up 0.04% at 93.24.

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