United Arab Emirates shares mixed at close of trade; DFM General up 1.40%

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

At the close in Dubai, the DFM General rose 1.40%, while the ADX General index declined 0.47%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 8.11% or 0.021 points to trade at 0.280 at the close. National Central Cooling Co. (DU: TABR ) added 5.59% or 0.090 points to end at 1.700 and Emaar Properties PJSC (DU: EMAR ) was up 4.77% or 0.270 points to 5.930 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 10.00% or 0.340 points to trade at 3.060 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 9.90% or 0.190 points to end at 1.730 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 3.30% or 0.023 points to 0.675.

The top performers on the ADX General were Union Insurance Co PSC (AD: UNIN ) which rose 13.64% to 1.50, Rak Cement Co (AD: RKCC ) which was up 8.45% to settle at 0.770 and Ad Natl Energy (AD: TAQA ) which gained 7.14% to close at 1.050.

The worst performers were Emirates Ins C (AD: EIC ) which was down 10.00% to 6.30 in late trade, Commercial Bank International (AD: CBI ) which lost 9.72% to settle at 0.650 and Rak Cmt & Cons (AD: RAKC ) which was down 9.57% to 0.850 at the close.

Advancing stocks outnumbered falling ones by 24 to 13 and 4 ended unchanged; on the Abu Dhabi, 16 fell and 11 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.13% or 0.74 to $66.25 a barrel. Meanwhile, Brent oil for delivery in June rose 1.00% or 0.71 to hit $71.75 a barrel, while the June Gold Futures contract rose 0.55% or 7.40 to trade at $1353.30 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.21% to 4.5478.

The US Dollar Index Futures was down 0.17% at 89.17.