United Arab Emirates shares mixed at close of trade; DFM General up 0.01%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.01%

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

At the close in Dubai, the DFM General gained 0.01%, while the ADX General index declined 0.76%.

The biggest gainers of the session on the DFM General were Amlak Finance PJSC (DU: AMLK ), which rose 2.80% or 0.030 points to trade at 1.100 at the close. National Central Cooling Co. (DU: TABR ) added 2.70% or 0.050 points to end at 1.900 and ARAMEX PJSC (DU: ARMX ) was up 2.01% or 0.100 points to 5.080 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.78% or 0.050 points to trade at 1.750 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.50% or 0.021 points to end at 0.818 and Gulf General Investments Company (DU: GGIC ) shed 1.60% or 0.007 points to 0.431.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 7.72% to 2.930, Invest Bank AD (AD: INVB ) which was up 6.09% to settle at 2.440 and Gulf Cement Co (AD: GCEM ) which gained 5.00% to close at 1.0500.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 7.98% to 3.00 in late trade, Aldar Properti (AD: ALDR ) which lost 6.22% to settle at 2.260 and Rak Ceramics (AD: RKCE ) which was down 4.55% to 2.100 at the close.

Declining stocks outnumbered rising ones by 18 to 14 and 9 ended unchanged; on the Abu Dhabi, 14 fell and 10 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.45% or 0.22 to $48.59 a barrel. Meanwhile, Brent oil for delivery in June rose 0.54% or 0.28 to hit $51.70 a barrel, while the April Gold Futures contract fell 0.27% or 3.35 to trade at $1252.25 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.21% to 3.9627.

The US Dollar Index Futures was up 0.09% at 99.62.

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