United Arab Emirates shares lower at close of trade; DFM General down 0.92%

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United Arab Emirates shares lower at close of trade; DFM General down 0.92%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.92% to hit a new 52-week low, while the ADX General index declined 0.82%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 5.37% or 0.013 points to trade at 0.255 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 2.36% or 0.009 points to end at 0.390 and National Central Cooling Co. (DU: TABR ) was up 1.72% or 0.030 points to 1.770 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 5.10% or 0.035 points to trade at 0.651 in late trade. Emaar Malls (DU: EMAA ) declined 4.93% or 0.110 points to end at 2.120 and Drake & Scull International PJSC (DU: DSI ) shed 3.39% or 0.040 points to 1.140.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 10.48% to 1.160, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 6.90% to settle at 0.620 and Abd Nat Takafu (AD: TKFL ) which gained 4.44% to close at 4.70.

The worst performers were Invest Bank AD (AD: INVB ) which was down 9.81% to 1.930 in late trade, Rak Cement Co (AD: RKCC ) which lost 6.94% to settle at 0.670 and National Marine Dredging PSC (AD: NMDC ) which was down 5.94% to 3.010 at the close.

Declining stocks outnumbered rising ones by 17 to 12 and 6 ended unchanged; on the Abu Dhabi, 14 fell and 10 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.30% or 0.20 to $67.45 a barrel. Meanwhile, Brent oil for delivery in July fell 0.12% or 0.09 to hit $73.04 a barrel, while the June Gold Futures contract rose 0.29% or 3.80 to trade at $1310.60 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.78% to 4.4085.

The US Dollar Index Futures was down 0.08% at 92.21.

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