United Arab Emirates shares lower at close of trade; DFM General down 0.26%
Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Consumer Staples , Insurance and Real Estate & Construction sectors propelled shares lower.
At the close in Dubai, the DFM General declined 0.26% to hit a new 52-week low, while the ADX General index lost 0.39%.
The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 2.77% or 0.110 points to trade at 4.080 at the close. Emirates NBD PJSC (DU: ENBD ) added 2.35% or 0.250 points to end at 10.900 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 1.92% or 0.020 points to 1.060 in late trade.
Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.40% or 0.140 points to trade at 1.350 in late trade. Marka Pjse (DU: MARKA ) declined 8.62% or 0.03 points to end at 0.27 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 8.37% or 0.035 points to 0.383.
The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 15.00% to 0.690, Union Insurance Co PSC (AD: UNIN ) which was up 14.58% to settle at 1.65 and Methaq (AD: METH ) which gained 5.26% to close at 0.800.
The worst performers were Dana Gas (AD: DANA ) which was down 4.40% to 0.870 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 4.21% to settle at 2.050 and Rak Properties (AD: RPRO ) which was down 3.03% to 0.640 at the close.
Declining stocks outnumbered rising ones by 23 to 11 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 8 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for June delivery was up 0.19% or 0.13 to $67.83 a barrel. Meanwhile, Brent oil for delivery in June rose 0.09% or 0.07 to hit $73.93 a barrel, while the June Gold Futures contract fell 0.56% or 7.50 to trade at $1325.50 a troy ounce.
USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.26% to 4.4811.
The US Dollar Index Futures was up 0.28% at 90.81.
Add Chart to Comment
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
Drop an image here or