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.