United Arab Emirates shares mixed at close of trade; DFM General up 1.00%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General up 1.00%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 1.00%, while the ADX General index lost 0.85%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 5.14% or 3.60 points to trade at 73.60 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 2.90% or 0.040 points to end at 1.420 and Emaar Properties PJSC (DU: EMAR ) was up 2.63% or 0.200 points to 7.800 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 0.78% or 0.003 points to trade at 0.382 in late trade. Dubai Islamic Bank (DU: DISB ) declined 0.33% or 0.020 points to end at 6.020 and Air Arabia PJSC (DU: AIRA ) 0.00% or 0.000 points to 1.240.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD: ESHR ) which rose 4.17% to 0.7500, Dana Gas (AD: DANA ) which was up 2.82% to settle at 0.730 and Methaq (AD: METH ) which gained 2.63% to close at 0.780.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 4.76% to 2.00 in late trade, Ad Natl Energy (AD: TAQA ) which lost 3.23% to settle at 0.600 and Invest Bank AD (AD: INVB ) which was down 2.80% to 2.430 at the close.

Advancing stocks outnumbered falling ones by 26 to 6 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 7 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 1.87% or 1.06 to $57.89 a barrel. Meanwhile, Brent oil for delivery in January rose 1.05% or 0.66 to hit $63.23 a barrel, while the December Gold Futures contract rose 0.17% or 2.14 to trade at $1283.84 a troy ounce.

USD/AED was down 0.00% to 3.6728, while EUR/AED rose 0.10% to 4.3155.

The US Dollar Index Futures was down 0.14% at 93.76.

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