United Arab Emirates shares mixed at close of trade; DFM General up 0.30%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.30%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.30%, while the ADX General index declined 0.50%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 4.35% or 0.050 points to trade at 1.200 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 2.96% or 0.080 points to end at 2.780 and Dubai Investments PJSC (DU: DINV ) was up 1.21% or 0.030 points to 2.500 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.46% or 0.090 points to trade at 2.510 in late trade. Marka Pjse (DU: MARKA ) declined 2.63% or 0.04 points to end at 1.48 and Gulf General Investments Company (DU: GGIC ) shed 1.93% or 0.010 points to 0.509.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 2.17% to 4.700, Rak Ceramics (AD: RKCE ) which was up 2.08% to settle at 2.450 and Agthia Group (AD: AGTH ) which gained 1.47% to close at 6.90.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 10.00% to 2.880 in late trade, Int Fish Farmi (AD: ASMK ) which lost 9.70% to settle at 2.14 and Union Cement (AD: UCC ) which was down 7.81% to 1.180 at the close.

Declining stocks outnumbered rising ones by 20 to 15 and 7 ended unchanged; on the Abu Dhabi, 16 fell and 6 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.47% or 0.25 to $53.06 a barrel. Meanwhile, Brent oil for delivery in April rose 0.54% or 0.30 to hit $55.88 a barrel, while the April Gold Futures contract rose 0.08% or 0.95 to trade at $1212.35 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.03% to 3.9667.

The US Dollar Index Futures was up 0.05% at 99.58.

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