United Arab Emirates shares lower at close of trade; DFM General down 0.72%

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United Arab Emirates shares lower at close of trade; DFM General down 0.72%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.72% to hit a new 52-week low, while the ADX General index declined 0.09%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 1.85% or 0.020 points to trade at 1.100 at the close. Marka Pjse (DU: MARKA ) added 0.88% or 0.01 points to end at 0.57 and National Central Cooling Co. (DU: TABR ) was up 0.57% or 0.010 points to 1.750 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 2.50% or 0.018 points to trade at 0.702 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 2.48% or 0.014 points to end at 0.551 and Deyaar Development PJSC (DU: DEYR ) shed 2.44% or 0.013 points to 0.520.

The top performers on the ADX General were Foodco Holding PJSC (AD: FOOD ) which rose 11.34% to 5.50, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 5.45% to settle at 0.580 and International Holding Company PJSC (AD: IHC ) which gained 4.93% to close at 1.49.

The worst performers were Commercial Bank International (AD: CBI ) which was down 8.00% to 0.920 in late trade, Sharjah Cement AD (AD: SCID ) which lost 5.31% to settle at 1.070 and Al Khazna Ins (AD: AKIC ) which was down 3.70% to 0.260 at the close.

Declining stocks outnumbered rising ones by 26 to 6 and 10 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.77% or 0.48 to $62.12 a barrel. Meanwhile, Brent oil for delivery in May fell 0.82% or 0.54 to hit $65.25 a barrel, while the April Gold Futures contract fell 0.09% or 1.20 to trade at $1334.00 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.19% to 4.5655.

The US Dollar Index Futures was down 0.13% at 89.44.

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