United Arab Emirates shares lower at close of trade; DFM General down 0.54%

  • Investing.com
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United Arab Emirates shares lower at close of trade; DFM General down 0.54%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Finance & Investment , Services and Insurance sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.54%, while the ADX General index fell 0.40%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 4.11% or 0.017 points to trade at 0.431 at the close. Union Properties PJSC (DU: UPRO ) added 1.25% or 0.010 points to end at 0.810 and Dubai Financial Market PJSC (DU: DFM ) was up 0.93% or 0.010 points to 1.080 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 5.59% or 0.038 points to trade at 0.642 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 2.51% or 0.060 points to end at 2.330 and Dubai Investments PJSC (DU: DINV ) shed 2.44% or 0.050 points to 2.000.

The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 5.56% to 0.57, Invest Bank AD (AD: INVB ) which was up 4.17% to settle at 2.500 and Waha Capital (AD: WAHA ) which gained 2.33% to close at 1.760.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 9.84% to 1.65 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 3.39% to settle at 0.570 and Sharjah Cement AD (AD: SCID ) which was down 2.00% to 0.980 at the close.

Declining stocks outnumbered rising ones by 21 to 12 and 5 ended unchanged; on the Abu Dhabi, 9 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.19% or 0.13 to $66.86 a barrel. Meanwhile, Brent oil for delivery in August rose 0.46% or 0.35 to hit $75.84 a barrel, while the June Gold Futures contract fell 0.17% or 2.20 to trade at $1296.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.82% to 4.2718.

The US Dollar Index Futures was down 0.56% at 94.28.

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