Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Real Estate & Construction , Insurance and Telecoms sectors propelled shares higher while losses in the Services , Consumer Staples and Banking sectors led shares lower.
The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU: EMAR ), which rose 1.74% or 0.130 points to trade at 7.580 at the close. Gulf General Investments Company (DU: GGIC ) added 1.43% or 0.007 points to end at 0.497 and Emaar Malls (DU: EMAA ) was up 1.15% or 0.030 points to 2.650 in late trade.
Biggest losers included Dubai Financial Market PJSC (DU: DFM ), which lost 3.42% or 0.050 points to trade at 1.410 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 2.59% or 0.030 points to end at 1.130 and Emirates NBD PJSC (DU: ENBD ) shed 2.18% or 0.180 points to 8.060.
The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 6.25% to 2.890, First Gulf Bk (AD: FGB ) which was up 1.83% to settle at 13.90 and Buhaira Nat In (AD: ABNI ) which gained 1.70% to close at 2.390.
The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 8.70% to 1.0500 in late trade, National Corp Tourism Hotels (AD: NCTH ) which lost 3.33% to settle at 2.90 and Green Crs Ins (AD: GCIC ) which was down 2.70% to 0.720 at the close.
Declining stocks outnumbered rising ones by 20 to 8 and 7 ended unchanged; on the Abu Dhabi, 17 fell and 6 advanced, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for April delivery was up 0.24% or 0.13 to $54.14 a barrel. Meanwhile, Brent oil for delivery in May rose 0.37% or 0.21 to hit $56.72 a barrel, while the April Gold Futures contract fell 0.71% or 8.85 to trade at $1245.05 a troy ounce.
USD/AED was up 0.01% to 3.6729, while EUR/AED fell 0.33% to 3.8711.
The US Dollar Index Futures was up 0.38% at 101.72.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.