United Arab Emirates shares lower at close of trade; DFM General down 0.44%

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United Arab Emirates shares lower at close of trade; DFM General down 0.44%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.44%, while the ADX General index fell 0.35%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU: DEYR ), which rose 2.18% or 0.012 points to trade at 0.562 at the close. Amanat Holdings PJSC (DU: AMANT ) added 1.40% or 0.020 points to end at 1.450 and Emaar Development PJSC (DU: EMAARDEV ) was up 1.23% or 0.070 points to 5.740 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 7.00% or 0.140 points to trade at 1.860 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 3.95% or 0.026 points to end at 0.633 and ARAMEX PJSC (DU: ARMX ) shed 2.30% or 0.100 points to 4.250.

The top performers on the ADX General were Waha Capital (AD: WAHA ) which rose 8.46% to 2.180, Rak Cement Co (AD: RKCC ) which was up 5.41% to settle at 0.780 and Gulf Cement Co (AD: GCEM ) which gained 3.92% to close at 1.0600.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 10.00% to 2.70 in late trade, Union Cement (AD: UCC ) which lost 9.94% to settle at 1.450 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 5.17% to 0.550 at the close.

Declining stocks outnumbered rising ones by 22 to 10 and 8 ended unchanged; on the Abu Dhabi, 15 fell and 11 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.17% or 0.11 to $64.58 a barrel. Meanwhile, Brent oil for delivery in March fell 0.17% or 0.12 to hit $69.84 a barrel, while the February Gold Futures contract rose 0.94% or 12.60 to trade at $1349.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.30% to 4.5300.

The US Dollar Index Futures was down 0.42% at 89.50.

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