United Arab Emirates shares lower at close of trade; DFM General down 0.48%

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United Arab Emirates shares lower at close of trade; DFM General down 0.48%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Transport , Services and Banking sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.48%, while the ADX General index fell 0.14%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 6.13% or 0.038 points to trade at 0.658 at the close. Emirate Integrated Telecom Co PJSC (DU: DU ) added 4.47% or 0.280 points to end at 6.540 and SHUAA Capital PSC (DU: SHUA ) was up 1.02% or 0.007 points to 0.693 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 4.96% or 0.028 points to trade at 0.537 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.94% or 0.030 points to end at 1.520 and Emirates NBD PJSC (DU: ENBD ) shed 1.79% or 0.150 points to 8.250.

The top performers on the ADX General were National Corp Tourism Hotels (AD: NCTH ) which rose 14.16% to 5.00, Ad Shipbldg Co (AD: ADSB ) which was up 4.58% to settle at 2.97 and Rak Cement Co (AD: RKCC ) which gained 2.35% to close at 0.870.

The worst performers were Foodco Holding PJSC (AD: FOOD ) which was down 9.90% to 3.55 in late trade, Green Crs Ins (AD: GCIC ) which lost 9.30% to settle at 0.780 and Ad Islamic Bk (AD: ADIB ) which was down 6.98% to 4.40 at the close.

Declining stocks outnumbered rising ones by 22 to 5 and 6 ended unchanged; on the Abu Dhabi, 15 fell and 11 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 1.74% or 0.74 to $41.73 a barrel. Meanwhile, Brent oil for delivery in June fell 1.54% or 0.68 to hit $43.35 a barrel, while the June Gold contract fell 0.26% or 3.30 to trade at $1251.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.12% to 4.1774.

The US Dollar Index was down 0.06% at 94.01.

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