United Arab Emirates shares mixed at close of trade; DFM General up 1.18%

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United Arab Emirates shares mixed at close of trade; DFM General up 1.18%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.18%, while the ADX General index declined 0.12%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 4.81% or 0.028 points to trade at 0.610 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 3.57% or 0.070 points to end at 2.030 and National Central Cooling Co. (DU: TABR ) was up 3.23% or 0.050 points to 1.600 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 2.64% or 0.011 points to trade at 0.405 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 2.11% or 0.020 points to end at 0.930 and Union Properties PJSC (DU: UPRO ) shed 1.33% or 0.009 points to 0.667.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 1.92% to 0.5300, Ad Natl Energy (AD: TAQA ) which was up 0.88% to settle at 1.140 and Rak Properties (AD: RPRO ) which gained 0.66% to close at 0.615.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 1.56% to 0.5680 in late trade, Dana Gas (AD: DANA ) which lost 0.86% to settle at 1.150 and International Holding Company PJSC (AD: IHC ) which was down 0.84% to 1.18 at the close.

Declining stocks outnumbered rising ones by 17 to 14 and 4 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.20% or 0.15 to $74.81 a barrel. Meanwhile, Brent oil for delivery in December fell 0.22% or 0.19 to hit $84.81 a barrel, while the December Gold Futures contract rose 0.02% or 0.20 to trade at $1191.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.03% to 4.2230.

The US Dollar Index Futures was down 0.01% at 95.35.

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