United Arab Emirates shares mixed at close of trade; DFM General up 0.29%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.29%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.29%, while the ADX General index lost 0.29%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 3.45% or 0.050 points to trade at 1.500 at the close. Deyaar Development PJSC (DU: DEYR ) added 2.50% or 0.014 points to end at 0.574 and Arabtec Holding PJSC (DU: ARTC ) was up 1.76% or 0.015 points to 0.869 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 1.98% or 0.009 points to trade at 0.446 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 1.94% or 0.017 points to end at 0.859 and Air Arabia PJSC (DU: AIRA ) shed 1.80% or 0.020 points to 1.090.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 4.17% to 2.00, Rak Ceramics (AD: RKCE ) which was up 3.52% to settle at 2.350 and Rak Cmt & Cons (AD: RAKC ) which gained 3.33% to close at 1.240.

The worst performers were Gulf Cement Co (AD: GCEM ) which was down 7.08% to 1.0500 in late trade, Ad Commercial (AD: ADCB ) which lost 3.58% to settle at 7.01 and Rak Properties (AD: RPRO ) which was down 2.74% to 0.710 at the close.

Declining stocks outnumbered rising ones by 14 to 14 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 9 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was up 1.91% or 0.91 to $48.63 a barrel. Meanwhile, Brent oil for delivery in May rose 1.69% or 0.86 to hit $51.78 a barrel, while the April Gold Futures contract fell 0.13% or 1.55 to trade at $1201.05 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.22% to 3.9031.

The US Dollar Index Futures was down 0.18% at 101.44.

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