United Arab Emirates shares mixed at close of trade; DFM General down 0.89%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.89%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.89%, while the ADX General index added 1.30%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 2.76% or 0.011 points to trade at 0.410 at the close. Takaful House (DU: DTKF ) added 1.68% or 0.011 points to end at 0.664 and National Central Cooling Co. (DU: TABR ) was up 0.57% or 0.010 points to 1.760 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 2.91% or 0.060 points to trade at 2.000 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.55% or 0.007 points to end at 0.268 and Emirates NBD PJSC (DU: ENBD ) shed 1.87% or 0.200 points to 10.500.

The top performers on the ADX General were First Abu Dhabi Bank PJSC (AD: FAB ) which rose 4.26% to 12.25, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 3.45% to settle at 0.600 and International Holding Company PJSC (AD: IHC ) which gained 2.19% to close at 1.40.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 8.57% to 1.60 in late trade, Green Crs Ins (AD: GCIC ) which lost 8.47% to settle at 0.540 and Nat Bk Qaiwain (AD: NBQ ) which was down 8.28% to 2.66 at the close.

Declining stocks outnumbered rising ones by 22 to 7 and 10 ended unchanged; on the Abu Dhabi, 17 fell and 9 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.60% or 0.43 to $71.77 a barrel. Meanwhile, Brent oil for delivery in July fell 0.80% or 0.64 to hit $78.93 a barrel, while the June Gold Futures contract rose 0.32% or 4.10 to trade at $1296.10 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.59% to 4.3006.

The US Dollar Index Futures was up 0.41% at 93.89.

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