United Arab Emirates shares mixed at close of trade; DFM General down 0.51%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.51%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.51%, while the ADX General index added 0.62%.

The biggest gainers of the session on the DFM General were Oman Insurance Company P.S.C. (DU: OIC ), which rose 14.53% or 0.260 points to trade at 2.050 at the close. ARAMEX PJSC (DU: ARMX ) added 2.69% or 0.140 points to end at 5.350 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 1.42% or 0.020 points to 1.430 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 4.20% or 0.050 points to trade at 1.140 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.07% or 0.050 points to end at 1.580 and Union Properties PJSC (DU: UPRO ) shed 2.86% or 0.030 points to 1.020.

The top performers on the ADX General were Rak Cement Co (AD: RKCC ) which rose 8.43% to 0.900, Ad Shipbldg Co (AD: ADSB ) which was up 3.70% to settle at 2.800 and Natl Bk Of Ad (AD: NBAD ) which gained 1.35% to close at 11.30.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 3.48% to 1.1100 in late trade, Rak Properties (AD: RPRO ) which lost 3.23% to settle at 0.600 and Finance House (AD: FH ) which was down 3.03% to 1.600 at the close.

Declining stocks outnumbered rising ones by 23 to 15 and 1 ended unchanged; on the Abu Dhabi, 11 fell and 6 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.63% or 0.30 to $47.96 a barrel. Meanwhile, Brent oil for delivery in July rose 0.71% or 0.36 to hit $50.82 a barrel, while the June Gold Futures contract fell 0.14% or 1.78 to trade at $1255.22 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.15% to 4.0072.

The US Dollar Index Futures was up 0.19% at 98.97.

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