United Arab Emirates shares lower at close of trade; DFM General down 0.66%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.66%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.66%, while the ADX General index declined 1.34%.

The biggest gainers of the session on the DFM General were National General Insurance Co PSC (DU: NGIN ), which rose 13.88% or 0.44 points to trade at 3.61 at the close. Dubai Parks and Resorts PJSC (DU: DUBA ) added 6.06% or 0.080 points to end at 1.400 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 5.56% or 0.300 points to 5.700 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 10.00% or 0.350 points to trade at 3.150 in late trade. Dubai Investments PJSC (DU: DINV ) declined 4.55% or 0.100 points to end at 2.100 and Emaar Properties PJSC (DU: EMAR ) shed 2.62% or 0.160 points to 5.950.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 7.86% to 7.00, Agthia Group (AD: AGTH ) which was up 2.11% to settle at 7.25 and Rak Properties (AD: RPRO ) which gained 1.59% to close at 0.640.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 4.71% to 0.810 in late trade, Ad Commercial (AD: ADCB ) which lost 3.92% to settle at 6.38 and First Gulf Bk (AD: FGB ) which was down 3.75% to 11.55 at the close.

Declining stocks outnumbered rising ones by 14 to 12 and 3 ended unchanged; on the Abu Dhabi, 10 fell and 9 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.82% or 0.66 to $37.00 a barrel. Meanwhile, Brent oil for delivery in May rose 1.45% or 0.56 to hit $39.30 a barrel, while the April Gold contract rose 0.18% or 2.20 to trade at $1233.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.19% to 4.0723.

The US Dollar Index was up 0.23% at 96.88.

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