United Arab Emirates shares mixed at close of trade; DFM General down 0.98%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.98%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.98%, while the ADX General index added 0.07%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 0.78% or 0.040 points to trade at 5.150 at the close. Emirate Integrated Telecom Co PJSC (DU: DU ) unchanged 0.00% or 0.000 points to end at 5.330 and National Cement Company P.S.C. (DU: NCC ) was unchanged 0.00% or 0.000 points to 3.000 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 9.21% or 7.00 points to trade at 69.00 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 8.33% or 0.110 points to end at 1.210 and Drake & Scull International PJSC (DU: DSI ) shed 5.50% or 0.023 points to 0.395.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 6.15% to 0.690, Natl Bk Of Rak (AD: RAKB ) which was up 5.58% to settle at 4.54 and Gulf Pharm Ind (AD: GPHI ) which gained 4.35% to close at 2.400.

The worst performers were Methaq (AD: METH ) which was down 4.55% to 0.840 in late trade, Union Cement (AD: UCC ) which lost 3.85% to settle at 1.250 and Int Fish Farmi (AD: ASMK ) which was down 3.29% to 1.47 at the close.

Declining stocks outnumbered rising ones by 32 to 3 and 3 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.07% or 0.03 to $43.48 a barrel. Meanwhile, Brent oil for delivery in August fell 0.11% or 0.05 to hit $45.97 a barrel, while the August Gold Futures contract rose 0.37% or 4.60 to trade at $1248.10 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.14% to 4.0946.

The US Dollar Index Futures was down 0.12% at 97.28.

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