United Arab Emirates shares mixed at close of trade; DFM General down 0.08%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.08%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Telecoms , Real Estate & Construction and Finance & Investment sectors propelled shares higher while losses in the Consumer Staples , Insurance and Services sectors led shares lower.

At the close in Dubai, the DFM General declined 0.08%, while the ADX General index climbed 0.29%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 4.58% or 0.030 points to trade at 0.685 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 2.73% or 0.060 points to end at 2.260 and Emaar Development PJSC (DU: EMAARDEV ) was up 1.71% or 0.090 points to 5.340 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.92% or 0.061 points to trade at 0.554 in late trade. Deyaar Development PJSC (DU: DEYR ) declined 5.81% or 0.024 points to end at 0.389 and Amlak Finance PJSC (DU: AMLK ) shed 3.49% or 0.025 points to 0.692.

The top performers on the ADX General were Union Natl Bk (AD: UNB ) which rose 2.78% to 3.700, Ad Natl Energy (AD: TAQA ) which was up 2.56% to settle at 1.200 and Dana Gas (AD: DANA ) which gained 1.83% to close at 1.110.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 9.96% to 2.44 in late trade, Gulf Cement Co (AD: GCEM ) which lost 6.93% to settle at 0.9400 and Rak Cement Co (AD: RKCC ) which was down 6.33% to 0.740 at the close.

Declining stocks outnumbered rising ones by 21 to 12 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.52% or 0.36 to $68.81 a barrel. Meanwhile, Brent oil for delivery in October fell 0.28% or 0.21 to hit $74.44 a barrel, while the December Gold Futures contract rose 0.02% or 0.30 to trade at $1218.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.03% to 4.2592.

The US Dollar Index Futures was up 0.11% at 95.10.

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