United Arab Emirates shares mixed at close of trade; DFM General up 0.26%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.26%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.26% to hit a new 1-month high, while the ADX General index declined 0.04%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 5.45% or 0.041 points to trade at 0.793 at the close. Gulf General Investments Company (DU: GGIC ) added 2.83% or 0.011 points to end at 0.400 and Arabtec Holding PJSC (DU: ARTC ) was up 1.96% or 0.015 points to 0.781 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 3.45% or 0.050 points to trade at 1.400 in late trade. Commercial Bank of Dubai P.S.C. (DU: CBD ) declined 2.30% or 0.100 points to end at 4.250 and Takaful Emarat PSC (DU: TKFE ) shed 2.13% or 0.050 points to 2.300.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 7.61% to 0.990, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 5.45% to settle at 0.580 and Rak Cement Co (AD: RKCC ) which gained 3.75% to close at 0.830.

The worst performers were Commercial Bank International (AD: CBI ) which was down 8.33% to 1.210 in late trade, Green Crs Ins (AD: GCIC ) which lost 3.85% to settle at 0.750 and Rak Properties (AD: RPRO ) which was down 2.94% to 0.660 at the close.

Advancing stocks outnumbered falling ones by 18 to 14 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 6 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.18% or 0.55 to $45.91 a barrel. Meanwhile, Brent oil for delivery in August fell 0.90% or 0.44 to hit $48.28 a barrel, while the August Gold Futures contract rose 0.01% or 0.17 to trade at $1268.77 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.04% to 4.1159.

The US Dollar Index Futures was up 0.08% at 97.05.

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