United Arab Emirates shares mixed at close of trade; DFM General down 0.26%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.26%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.26% to hit a new 1-month low, while the ADX General index climbed 0.15%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 10.73% or 6.95 points to trade at 71.75 at the close. National Central Cooling Co. (DU: TABR ) added 6.45% or 0.100 points to end at 1.650 and Commercial Bank of Dubai P.S.C. (DU: CBD ) was up 6.12% or 0.300 points to 5.200 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 10.00% or 0.320 points to trade at 2.880 in late trade. Takaful House (DU: DTKF ) declined 1.90% or 0.020 points to end at 1.030 and Dubai Parks and Resorts PJSC (DU: DUBA ) shed 1.83% or 0.030 points to 1.610.

The top performers on the ADX General were Agthia Group (AD: AGTH ) which rose 4.02% to 5.95, Rak Properties (AD: RPRO ) which was up 1.69% to settle at 0.600 and First Gulf Bk (AD: FGB ) which gained 1.27% to close at 11.95.

The worst performers were Abu Dhabi National Hotels Co (AD: ADNH ) which was down 9.80% to 3.13 in late trade, Al Khazna Ins (AD: AKIC ) which lost 9.30% to settle at 0.390 and Ad Shipbldg Co (AD: ADSB ) which was down 9.18% to 2.670 at the close.

Declining stocks outnumbered rising ones by 18 to 16 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 2.20% or 0.97 to $45.02 a barrel. Meanwhile, Brent oil for delivery in November rose 1.98% or 0.91 to hit $46.79 a barrel, while the December Gold contract rose 0.47% or 6.25 to trade at $1324.45 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.07% to 4.0940.

The US Dollar Index was down 0.03% at 95.94.

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