United Arab Emirates shares mixed at close of trade; DFM General up 0.02%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.02%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.02%, while the ADX General index fell 0.41%.

The biggest gainers of the session on the DFM General were Damac Properties Dubai Co PSC (DU: DAMAC ), which rose 3.33% or 0.100 points to trade at 3.100 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.79% or 0.050 points to end at 1.840 and Amlak Finance PJSC (DU: AMLK ) was up 1.59% or 0.014 points to 0.896 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 2.14% or 0.030 points to trade at 1.370 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 1.61% or 0.009 points to end at 0.549 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.54% or 0.007 points to 0.448.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 5.33% to 1.780, Agthia Group (AD: AGTH ) which was up 4.55% to settle at 4.60 and Ad Natl Energy (AD: TAQA ) which gained 2.99% to close at 0.690.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 8.70% to 2.100 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 5.66% to settle at 0.500 and Insurance Hous (AD: IH ) which was down 4.49% to 0.850 at the close.

Advancing stocks outnumbered falling ones by 18 to 12 and 7 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 0.69% or 0.42 to $61.13 a barrel. Meanwhile, Brent oil for delivery in May rose 0.62% or 0.40 to hit $65.04 a barrel, while the April Gold Futures contract fell 0.10% or 1.30 to trade at $1325.80 a troy ounce.

USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.12% to 4.5452.

The US Dollar Index Futures was up 0.07% at 89.76.

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