United Arab Emirates shares mixed at close of trade; DFM General down 0.63%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.63%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.63%, while the ADX General index added 0.06%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 7.69% or 0.080 points to trade at 1.120 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 5.24% or 0.030 points to end at 0.602 and Marka Pjse (DU: MARKA ) was up 2.67% or 0.04 points to 1.54 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 2.46% or 0.180 points to trade at 7.140 in late trade. Dubai Investments PJSC (DU: DINV ) declined 1.25% or 0.030 points to end at 2.370 and ARAMEX PJSC (DU: ARMX ) shed 1.23% or 0.050 points to 4.000.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 15.00% to 8.05, Green Crs Ins (AD: GCIC ) which was up 6.67% to settle at 0.640 and Rak Ceramics (AD: RKCE ) which gained 4.17% to close at 2.500.

The worst performers were Methaq (AD: METH ) which was down 3.23% to 0.900 in late trade, Int Fish Farmi (AD: ASMK ) which lost 3.11% to settle at 1.87 and Rak Cement Co (AD: RKCC ) which was down 2.67% to 0.730 at the close.

Declining stocks outnumbered rising ones by 20 to 12 and 6 ended unchanged; on the Abu Dhabi, 14 rose and 13 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.50% or 0.27 to $54.17 a barrel. Meanwhile, Brent oil for delivery in March rose 0.58% or 0.33 to hit $57.16 a barrel, while the February Gold contract fell 0.06% or 0.65 to trade at $1138.15 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.21% to 3.8324.

The US Dollar Index was up 0.22% at 103.23.

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