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

  • Investing.com
  • Stock Market News
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.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search