United Arab Emirates shares lower at close of trade; DFM General down 0.74%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.74%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.74% to hit a new 52-week low, while the ADX General index declined 0.46%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 5.00% or 0.090 points to trade at 1.890 at the close. Union Properties PJSC (DU: UPRO ) added 4.50% or 0.031 points to end at 0.720 and Takaful House (DU: DTKF ) was up 2.78% or 0.017 points to 0.629 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 10.00% or 0.081 points to trade at 0.729 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 5.53% or 0.041 points to end at 0.701 and Gulf General Investments Company (DU: GGIC ) shed 5.36% or 0.015 points to 0.265.

The top performers on the ADX General were Union Insurance Co PSC (AD: UNIN ) which rose 13.29% to 1.79, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 7.55% to settle at 0.570 and Ad Natl Energy (AD: TAQA ) which gained 5.77% to close at 1.100.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 9.68% to 0.5600 in late trade, Rak Properties (AD: RPRO ) which lost 1.56% to settle at 0.630 and Union Natl Bk (AD: UNB ) which was down 1.37% to 3.600 at the close.

Declining stocks outnumbered rising ones by 24 to 12 and 2 ended unchanged; on the Abu Dhabi, 12 rose and 10 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.78% or 0.55 to $71.08 a barrel. Meanwhile, Brent oil for delivery in September rose 0.80% or 0.61 to hit $76.75 a barrel, while the August Gold Futures contract fell 0.06% or 0.80 to trade at $1259.10 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.20% to 4.2697.

The US Dollar Index Futures was up 0.16% at 94.51.

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