United Arab Emirates shares mixed at close of trade; DFM General up 0.42%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.42%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.42%, while the ADX General index lost 0.06%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 14.90% or 0.124 points to trade at 0.956 at the close. Emirates NBD PJSC (DU: ENBD ) added 2.85% or 0.240 points to end at 8.650 and Deyaar Development PJSC (DU: DEYR ) was up 2.34% or 0.015 points to 0.657 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 8.28% or 0.120 points to trade at 1.330 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 7.66% or 0.051 points to end at 0.615 and Takaful Emarat PSC (DU: TKFE ) shed 2.95% or 0.070 points to 2.300.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 9.30% to 0.470, Int Fish Farmi (AD: ASMK ) which was up 6.53% to settle at 2.12 and Rak Cement Co (AD: RKCC ) which gained 4.11% to close at 0.760.

The worst performers were Abd Nat Takafu (AD: TKFL ) which was down 5.88% to 4.00 in late trade, Rak Properties (AD: RPRO ) which lost 2.99% to settle at 0.650 and Methaq (AD: METH ) which was down 2.97% to 0.980 at the close.

Declining stocks outnumbered rising ones by 16 to 16 and 9 ended unchanged; on the Abu Dhabi, 10 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.25% or 0.13 to $52.46 a barrel. Meanwhile, Brent oil for delivery in March rose 0.20% or 0.11 to hit $55.58 a barrel, while the February Gold contract rose 0.50% or 5.85 to trade at $1167.85 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED rose 0.39% to 3.8362.

The US Dollar Index was down 0.33% at 102.90.

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