United Arab Emirates shares lower at close of trade; DFM General down 0.15%

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United Arab Emirates shares lower at close of trade; DFM General down 0.15%

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

At the close in Dubai, the DFM General declined 0.15%, while the ADX General index lost 1.04%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 2.98% or 0.050 points to trade at 1.730 at the close. Deyaar Development PJSC (DU: DEYR ) added 2.97% or 0.018 points to end at 0.625 and Emirate Integrated Telecom Co PJSC (DU: DU ) was up 0.95% or 0.060 points to 6.360 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 3.24% or 0.017 points to trade at 0.507 in late trade. Dubai Parks and Resorts PJSC (DU: DUBA ) declined 1.38% or 0.020 points to end at 1.430 and Gulf General Investments Company (DU: GGIC ) shed 0.87% or 0.005 points to 0.570.

The top performers on the ADX General were Gulf Medical Projects Co PSC (AD: GMPC ) which rose 14.89% to 2.70, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 2.33% to settle at 0.8800 and Em Driving Co (AD: DRIV ) which gained 2.22% to close at 6.90.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 9.91% to 4.910 in late trade, Int Fish Farmi (AD: ASMK ) which lost 4.85% to settle at 1.57 and Invest Bank AD (AD: INVB ) which was down 4.09% to 2.110 at the close.

Declining stocks outnumbered rising ones by 15 to 9 and 8 ended unchanged; on the Abu Dhabi, 13 fell and 12 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.15% or 0.56 to $47.93 a barrel. Meanwhile, Brent oil for delivery in August fell 1.53% or 0.76 to hit $49.07 a barrel, while the August Gold contract fell 0.31% or 3.95 to trade at $1284.15 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.18% to 4.1236.

The US Dollar Index was down 0.17% at 94.87.

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