United Arab Emirates shares mixed at close of trade; DFM General down 0.85%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.85%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.85%, while the ADX General index added 0.11%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 5.86% or 0.180 points to trade at 3.250 at the close. ARAMEX PJSC (DU: ARMX ) added 1.31% or 0.050 points to end at 3.860 and Gulf General Investments Company (DU: GGIC ) was up 0.36% or 0.002 points to 0.564 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 5.50% or 3.85 points to trade at 66.10 in late trade. Emirate Integrated Telecom Co PJSC (DU: DU ) declined 1.88% or 0.130 points to end at 6.800 and Takaful House (DU: DTKF ) shed 1.83% or 0.020 points to 1.070.

The top performers on the ADX General were Ad Commercial (AD: ADCB ) which rose 2.93% to 6.67, Natl Bk Of Rak (AD: RAKB ) which was up 2.74% to settle at 5.25 and Gulf Pharm Ind (AD: GPHI ) which gained 1.80% to close at 2.260.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 10.00% to 4.05 in late trade, Al Khazna Ins (AD: AKIC ) which lost 6.67% to settle at 0.420 and Rak Cmt & Cons (AD: RAKC ) which was down 5.98% to 1.100 at the close.

Declining stocks outnumbered rising ones by 25 to 6 and 3 ended unchanged; on the Abu Dhabi, 10 fell and 5 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.65% or 0.28 to $42.64 a barrel. Meanwhile, Brent oil for delivery in October fell 1.02% or 0.46 to hit $44.77 a barrel, while the December Gold contract fell 0.02% or 0.30 to trade at $1328.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.06% to 4.0377.

The US Dollar Index was up 0.09% at 97.26.

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