United Arab Emirates shares lower at close of trade; DFM General down 1.39%

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United Arab Emirates shares lower at close of trade; DFM General down 1.39%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.39%, while the ADX General index fell 0.52%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 1.50% or 0.020 points to trade at 1.350 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 0.96% or 0.010 points to end at 1.050 and ARAMEX PJSC (DU: ARMX ) was up 0.74% or 0.030 points to 4.090 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 4.99% or 0.02 points to trade at 0.32 in late trade. Emaar Properties PJSC (DU: EMAR ) declined 3.59% or 0.210 points to end at 5.640 and Emaar Malls (DU: EMAA ) shed 1.86% or 0.040 points to 2.110.

The top performers on the ADX General were Ad Aviation (AD: ADAV ) which rose 5.36% to 2.950, Methaq (AD: METH ) which was up 3.90% to settle at 0.800 and Gulf Cement Co (AD: GCEM ) which gained 2.86% to close at 1.0800.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 9.76% to 2.68 in late trade, Invest Bank AD (AD: INVB ) which lost 4.26% to settle at 2.250 and Dana Gas (AD: DANA ) which was down 2.04% to 0.960 at the close.

Declining stocks outnumbered rising ones by 25 to 9 and 6 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.37% or 0.91 to $67.43 a barrel. Meanwhile, Brent oil for delivery in June rose 1.20% or 0.86 to hit $72.44 a barrel, while the June Gold Futures contract rose 0.21% or 2.80 to trade at $1352.30 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.08% to 4.5486.

The US Dollar Index Futures was up 0.07% at 89.28.

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