United Arab Emirates shares lower at close of trade; DFM General down 0.66%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.66%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.66%, while the ADX General index lost 1.12%.

The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU: SALAMA ), which rose 9.11% or 0.041 points to trade at 0.491 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 3.10% or 0.020 points to end at 0.665 and Emirate Integrated Telecom Co PJSC (DU: DU ) was up 1.18% or 0.060 points to 5.160 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 3.55% or 0.016 points to trade at 0.435 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.26% or 0.006 points to end at 0.260 and Arabtec Holding PJSC (DU: ARTC ) shed 2.13% or 0.040 points to 1.840.

The top performers on the ADX General were Union Natl Bk (AD: UNB ) which rose 11.74% to 4.950, Ad Shipbldg Co (AD: ADSB ) which was up 3.17% to settle at 1.300 and Ad Islamic Bk (AD: ADIB ) which gained 1.44% to close at 4.220.

The worst performers were Ad Natl Ins Co (AD: ADNI ) which was down 6.23% to 3.610 in late trade, Ad Commercial (AD: ADCB ) which lost 4.62% to settle at 7.63 and First Abu Dhabi Bank PJSC (AD: FAB ) which was down 2.76% to 14.10 at the close.

Declining stocks outnumbered rising ones by 22 to 8 and 7 ended unchanged; on the Abu Dhabi, 14 rose and 12 declined, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was down 1.29% or 0.90 to $68.97 a barrel. Meanwhile, Brent oil for delivery in November fell 0.96% or 0.75 to hit $77.42 a barrel, while the December Gold Futures contract rose 0.05% or 0.60 to trade at $1199.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.07% to 4.2575.

The US Dollar Index Futures was up 0.01% at 95.38.

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