United Arab Emirates shares mixed at close of trade; DFM General up 0.97%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.97%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.97% to hit a new 1-month high, while the ADX General index lost 0.13%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 14.91% or 0.079 points to trade at 0.609 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 7.72% or 0.044 points to end at 0.614 and Dubai Parks and Resorts PJSC (DU: DUBA ) was up 4.05% or 0.060 points to 1.540 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU: CBD ), which lost 3.45% or 0.200 points to trade at 5.600 in late trade. National Central Cooling Co. (DU: TABR ) declined 2.86% or 0.040 points to end at 1.360 and AJMAN BANK PJSC (DU: AJBNK ) shed 2.33% or 0.040 points to 1.680.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 13.89% to 0.410, Ad Commercial (AD: ADCB ) which was up 2.75% to settle at 6.35 and Gulf Cement Co (AD: GCEM ) which gained 2.35% to close at 0.8700.

The worst performers were Ad Aviation (AD: ADAV ) which was down 5.86% to 2.730 in late trade, Bank Of Sharja (AD: BOS ) which lost 4.76% to settle at 1.200 and Gulf Pharm Ind (AD: GPHI ) which was down 1.79% to 2.200 at the close.

Advancing stocks outnumbered falling ones by 23 to 7 and 4 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.54% or 0.27 to $50.12 a barrel. Meanwhile, Brent oil for delivery in August rose 0.36% or 0.18 to hit $50.80 a barrel, while the August Gold contract fell 0.37% or 4.75 to trade at $1267.75 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.45% to 4.1501.

The US Dollar Index was down 0.37% at 93.81.

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