United Arab Emirates shares lower at close of trade; DFM General down 0.62%

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United Arab Emirates shares lower at close of trade; DFM General down 0.62%

Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Telecoms , Real Estate & Construction and Transport sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.62%, while the ADX General index fell 0.20%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU: ENBD ), which rose 1.70% or 0.140 points to trade at 8.390 at the close. National Central Cooling Co. (DU: TABR ) added 0.97% or 0.020 points to end at 2.080 and Drake & Scull International PJSC (DU: DSI ) was up 0.80% or 0.003 points to 0.378 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.50% or 0.030 points to trade at 1.170 in late trade. Emirate Integrated Telecom Co PJSC (DU: DU ) declined 1.79% or 0.100 points to end at 5.500 and Dubai Financial Market PJSC (DU: DFM ) shed 1.74% or 0.020 points to 1.130.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 10.06% to 3.50, Gulf Medical Projects Co PSC (AD: GMPC ) which was up 9.50% to settle at 2.19 and Gulf Cement Co (AD: GCEM ) which gained 2.04% to close at 1.0000.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 9.66% to 1.3100 in late trade, Al Khazna Ins (AD: AKIC ) which lost 9.38% to settle at 0.290 and Ad Shipbldg Co (AD: ADSB ) which was down 1.69% to 2.330 at the close.

Declining stocks outnumbered rising ones by 24 to 6 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.16% or 0.58 to $50.48 a barrel. Meanwhile, Brent oil for delivery in November rose 1.16% or 0.64 to hit $55.78 a barrel, while the December Gold Futures contract rose 0.58% or 7.55 to trade at $1318.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.08% to 4.4092.

The US Dollar Index Futures was down 0.15% at 91.48.

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