United Arab Emirates shares mixed at close of trade; DFM General down 0.30%

Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Telecoms , Banking and Insurance sectors propelled shares higher while losses in the Consumer Staples , Finance & Investment and Transport sectors led shares lower.

At the close in Dubai, the DFM General fell 0.30%, while the ADX General index climbed 0.52%.

The biggest gainers of the session on the DFM General were Amlak Finance PJSC (DU: AMLK ), which rose 1.59% or 0.013 points to trade at 0.833 at the close. Drake & Scull International PJSC (DU: DSI ) added 1.18% or 0.020 points to end at 1.720 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.14% or 0.008 points to 0.710 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 3.20% or 0.015 points to trade at 0.454 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.42% or 0.008 points to end at 0.323 and Dubai Investments PJSC (DU: DINV ) shed 1.87% or 0.040 points to 2.100.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 14.47% to 0.870, Union Natl Bk (AD: UNB ) which was up 4.82% to settle at 3.700 and Sharjah Islami (AD: SIB ) which gained 2.42% to close at 1.270.

The worst performers were Waha Capital (AD: WAHA ) which was down 3.00% to 1.940 in late trade, Aldar Properti (AD: ALDR ) which lost 2.37% to settle at 2.060 and Dana Gas (AD: DANA ) which was down 2.04% to 0.960 at the close.

Declining stocks outnumbered rising ones by 19 to 11 and 8 ended unchanged; on the Abu Dhabi, 10 rose and 6 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 1.57% or 1.00 to $62.51 a barrel. Meanwhile, Brent oil for delivery in June fell 1.47% or 1.00 to hit $67.12 a barrel, while the June Gold Futures contract rose 0.84% or 11.20 to trade at $1348.50 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.20% to 4.5153.

The US Dollar Index Futures was down 0.14% at 89.72.