United Arab Emirates shares mixed at close of trade; DFM General down 0.84%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.84%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.84%, while the ADX General index gained 0.15%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 2.04% or 0.020 points to trade at 1.000 at the close. ARAMEX PJSC (DU: ARMX ) added 1.25% or 0.050 points to end at 4.050 and SHUAA Capital PSC (DU: SHUA ) was up 0.98% or 0.010 points to 1.030 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU: CBD ), which lost 6.93% or 0.280 points to trade at 3.760 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 6.08% or 0.110 points to end at 1.700 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 4.16% or 0.016 points to 0.369.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 4.11% to 0.9370, Rak Cement Co (AD: RKCC ) which was up 2.86% to settle at 0.720 and Rak Properties (AD: RPRO ) which gained 1.98% to close at 0.618.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 8.93% to 1.020 in late trade, Rak Ceramics (AD: RKCE ) which lost 1.72% to settle at 2.290 and Dana Gas (AD: DANA ) which was down 1.67% to 1.180 at the close.

Declining stocks outnumbered rising ones by 25 to 8 and 3 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.05% or 0.04 to $75.19 a barrel. Meanwhile, Brent oil for delivery in December fell 0.13% or 0.11 to hit $84.69 a barrel, while the December Gold Futures contract fell 0.06% or 0.70 to trade at $1206.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.03% to 4.2403.

The US Dollar Index Futures was up 0.08% at 95.21.

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