United Arab Emirates shares lower at close of trade; DFM General down 0.36%

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United Arab Emirates shares lower at close of trade; DFM General down 0.36%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.36% to hit a new 3-month low, while the ADX General index declined 0.30%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 2.91% or 0.030 points to trade at 1.060 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 2.32% or 0.016 points to end at 0.707 and SHUAA Capital PSC (DU: SHUA ) was up 2.07% or 0.030 points to 1.480 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 3.10% or 0.025 points to trade at 0.782 in late trade. National Central Cooling Co. (DU: TABR ) declined 2.60% or 0.050 points to end at 1.870 and Emaar Malls (DU: EMAA ) shed 1.90% or 0.050 points to 2.580.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 12.00% to 1.680, Rak Cement Co (AD: RKCC ) which was up 8.97% to settle at 0.850 and Rak Properties (AD: RPRO ) which gained 3.45% to close at 0.600.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 9.70% to 2.70 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 9.63% to settle at 2.440 and Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 9.55% to 1.6100 at the close.

Advancing stocks outnumbered falling ones by 20 to 13 and 2 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.06% or 0.03 to $51.50 a barrel. Meanwhile, Brent oil for delivery in July rose 0.17% or 0.09 to hit $54.24 a barrel, while the June Gold Futures contract fell 0.30% or 3.81 to trade at $1251.69 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.04% to 4.1085.

The US Dollar Index Futures was unchanged 0.00% at 97.28.

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