United Arab Emirates shares mixed at close of trade; DFM General up 0.81%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.81%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.81%, while the ADX General index declined 0.02%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 7.00% or 0.350 points to trade at 5.350 at the close. DXB Entertainments (P.J.S.C.) (DU: DXBE ) added 6.11% or 0.061 points to end at 1.060 and Emirates NBD PJSC (DU: ENBD ) was up 2.09% or 0.170 points to 8.300 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 1.69% or 0.016 points to trade at 0.933 in late trade. Union Properties PJSC (DU: UPRO ) declined 0.99% or 0.010 points to end at 1.000 and Air Arabia PJSC (DU: AIRA ) shed 0.83% or 0.010 points to 1.190.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 10.78% to 1.850, Gulf Cement Co (AD: GCEM ) which was up 6.86% to settle at 1.0900 and Sharjah Islami (AD: SIB ) which gained 1.95% to close at 1.570.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 10.00% to 0.810 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 6.96% to settle at 2.540 and Int Fish Farmi (AD: ASMK ) which was down 1.46% to 2.02 at the close.

Advancing stocks outnumbered falling ones by 16 to 14 and 5 ended unchanged; on the Abu Dhabi, 10 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.77% or 0.41 to $52.73 a barrel. Meanwhile, Brent oil for delivery in May fell 0.63% or 0.35 to hit $55.57 a barrel, while the April Gold Futures contract fell 0.24% or 2.95 to trade at $1213.15 a troy ounce.

USD/AED was up 0.01% to 3.6729, while EUR/AED fell 0.07% to 3.8784.

The US Dollar Index Futures was up 0.11% at 101.92.

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