United Arab Emirates shares mixed at close of trade; DFM General down 0.81%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.81%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.81% to hit a new 1-month low, while the ADX General index gained 1.16%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 5.51% or 0.036 points to trade at 0.689 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 4.56% or 0.018 points to end at 0.413 and AJMAN BANK PJSC (DU: AJBNK ) was up 2.32% or 0.021 points to 0.925 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 4.19% or 0.020 points to trade at 0.457 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.99% or 0.008 points to end at 0.260 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 2.98% or 0.028 points to 0.911.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 8.70% to 1.000, Agthia Group (AD: AGTH ) which was up 5.59% to settle at 4.91 and Waha Capital (AD: WAHA ) which gained 3.35% to close at 1.850.

The worst performers were Invest Bank AD (AD: INVB ) which was down 9.80% to 1.840 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 6.54% to settle at 1.430 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 5.45% to 0.520 at the close.

Declining stocks outnumbered rising ones by 20 to 11 and 7 ended unchanged; on the Abu Dhabi, 9 fell and 9 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 1.22% or 0.82 to $66.22 a barrel. Meanwhile, Brent oil for delivery in October fell 0.90% or 0.65 to hit $71.81 a barrel, while the December Gold Futures contract fell 0.75% or 9.00 to trade at $1191.70 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.23% to 4.1569.

The US Dollar Index Futures was up 0.24% at 96.78.

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