United Arab Emirates shares mixed at close of trade; DFM General down 0.11%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.11%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.11%, while the ADX General index gained 0.50%.

The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU: DINV ), which rose 4.08% or 0.080 points to trade at 2.040 at the close. Amlak Finance PJSC (DU: AMLK ) added 2.32% or 0.017 points to end at 0.750 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.78% or 0.012 points to 0.688 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 5.14% or 0.110 points to trade at 2.030 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 2.90% or 0.029 points to end at 0.971 and Emaar Properties PJSC (DU: EMAR ) shed 2.16% or 0.110 points to 4.980.

The top performers on the ADX General were Ad Natl Energy (AD: TAQA ) which rose 4.13% to 1.260, Eshraq Properties Co PJSC (AD: ESHR ) which was up 1.54% to settle at 0.6600 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 1.21% to close at 12.55.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 8.17% to 2.81 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 3.39% to settle at 0.5700 and Waha Capital (AD: WAHA ) which was down 2.76% to 1.760 at the close.

Advancing stocks outnumbered falling ones by 21 to 17 and 3 ended unchanged; on the Abu Dhabi, 11 fell and 6 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.63% or 0.47 to $73.64 a barrel. Meanwhile, Brent oil for delivery in September fell 2.18% or 1.72 to hit $77.14 a barrel, while the August Gold Futures contract fell 0.35% or 4.40 to trade at $1251.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.29% to 4.3028.

The US Dollar Index Futures was up 0.26% at 94.09.

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