United Arab Emirates shares lower at close of trade; DFM General down 0.14%

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  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.14%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Consumer Staples , Telecoms and Services sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.14%, while the ADX General index declined 0.69%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 0.91% or 0.010 points to trade at 1.110 at the close. Air Arabia PJSC (DU: AIRA ) added 0.88% or 0.010 points to end at 1.150 and Damac Properties Dubai Co PSC (DU: DAMAC ) was up 0.76% or 0.030 points to 3.990 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 3.26% or 0.070 points to trade at 2.080 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.20% or 0.040 points to end at 1.210 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 2.96% or 0.040 points to 1.310.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 6.85% to 2.650, Commercial Bank International (AD: CBI ) which was up 3.77% to settle at 1.100 and Gulf Pharm Ind (AD: GPHI ) which gained 2.92% to close at 2.470.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.36% to 2.130 in late trade, Rak Cmt & Cons (AD: RAKC ) which lost 3.77% to settle at 1.020 and Al Khazna Ins (AD: AKIC ) which was down 2.94% to 0.330 at the close.

Declining stocks outnumbered rising ones by 18 to 10 and 8 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.51% or 0.25 to $49.42 a barrel. Meanwhile, Brent oil for delivery in October rose 0.54% or 0.28 to hit $52.42 a barrel, while the December Gold Futures contract rose 0.87% or 10.96 to trade at $1273.56 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.16% to 4.3112.

The US Dollar Index Futures was up 0.02% at 93.50.

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