United Arab Emirates shares mixed at close of trade; DFM General up 0.32%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.32%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.32%, while the ADX General index fell 0.19%.

The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU: EMAR ), which rose 2.29% or 0.160 points to trade at 7.140 at the close. Union Properties PJSC (DU: UPRO ) added 2.09% or 0.018 points to end at 0.878 and Emaar Malls (DU: EMAA ) was up 1.43% or 0.030 points to 2.130 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 2.44% or 0.016 points to trade at 0.641 in late trade. Commercial Bank of Dubai P.S.C. (DU: CBD ) declined 2.38% or 0.100 points to end at 4.100 and Takaful House (DU: DTKF ) shed 2.25% or 0.020 points to 0.870.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 7.41% to 2.90, Waha Capital (AD: WAHA ) which was up 2.29% to settle at 1.790 and Dana Gas (AD: DANA ) which gained 1.45% to close at 0.700.

The worst performers were Ad Commercial (AD: ADCB ) which was down 2.73% to 6.78 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 2.38% to settle at 0.410 and International Holding Company PJSC (AD: IHC ) which was down 2.03% to 1.45 at the close.

Declining stocks outnumbered rising ones by 17 to 16 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.31% or 0.18 to $57.74 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $63.80 a barrel, while the February Gold Futures contract rose 0.36% or 4.60 to trade at $1268.80 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.04% to 4.3503.

The US Dollar Index Futures was down 0.02% at 93.03.

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