United Arab Emirates shares lower at close of trade; DFM General down 0.03%

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United Arab Emirates shares lower at close of trade; DFM General down 0.03%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.03%, while the ADX General index declined 1.65%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 14.95% or 0.110 points to trade at 0.846 at the close. Takaful House (DU: DTKF ) added 8.65% or 0.090 points to end at 1.130 and Islamic Arab Insurance Company (DU: SALAMA ) was up 5.97% or 0.024 points to 0.426 in late trade.

Biggest losers included Emaar Malls (DU: EMAA ), which lost 2.34% or 0.060 points to trade at 2.500 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.80% or 0.020 points to end at 1.090 and Arabtec Holding PJSC (DU: ARTC ) shed 1.68% or 0.013 points to 0.762.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 14.12% to 9.70, Ad Aviation (AD: ADAV ) which was up 8.00% to settle at 2.700 and Agthia Group (AD: AGTH ) which gained 6.95% to close at 5.69.

The worst performers were First Abu Dhabi Bank PJSC (AD: FAB ) which was down 3.65% to 10.55 in late trade, Union Natl Bk (AD: UNB ) which lost 1.87% to settle at 4.710 and Emirates Telec (AD: ETEL ) which was down 1.71% to 17.20 at the close.

Declining stocks outnumbered rising ones by 20 to 15 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 2.15% or 1.07 to $48.59 a barrel. Meanwhile, Brent oil for delivery in August fell 2.26% or 1.18 to hit $51.06 a barrel, while the June Gold Futures contract rose 0.18% or 2.33 to trade at $1264.43 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.26% to 4.1194.

The US Dollar Index Futures was down 0.17% at 97.05.

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