United Arab Emirates shares lower at close of trade; DFM General down 0.18%

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United Arab Emirates shares lower at close of trade; DFM General down 0.18%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.18%, while the ADX General index fell 0.07%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 3.24% or 0.060 points to trade at 1.910 at the close. Takaful House (DU: DTKF ) added 1.72% or 0.011 points to end at 0.650 and Dubai Financial Market PJSC (DU: DFM ) was up 1.61% or 0.016 points to 1.010 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 3.14% or 0.009 points to trade at 0.278 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 1.79% or 0.020 points to end at 1.100 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 1.60% or 0.006 points to 0.368.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 11.17% to 1.990, Union Natl Bk (AD: UNB ) which was up 3.38% to settle at 3.670 and Ad Aviation (AD: ADAV ) which gained 1.69% to close at 3.000.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 10.00% to 2.43 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 3.23% to settle at 0.600 and Agthia Group (AD: AGTH ) which was down 3.09% to 4.70 at the close.

Declining stocks outnumbered rising ones by 21 to 11 and 6 ended unchanged; on the Abu Dhabi, 13 rose and 12 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.21% or 0.15 to $71.16 a barrel. Meanwhile, Brent oil for delivery in July fell 0.69% or 0.54 to hit $77.89 a barrel, while the June Gold Futures contract fell 0.03% or 0.40 to trade at $1289.90 a troy ounce.

USD/AED was up 0.01% to 3.6733, while EUR/AED fell 0.38% to 4.3312.

The US Dollar Index Futures was up 0.26% at 93.38.

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