United Arab Emirates shares mixed at close of trade; DFM General down 0.08%

© Reuters. United Arab Emirates shares mixed at close of trade; DFM General down 0.08%

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

At the close in Dubai, the DFM General declined 0.08% to hit a new 52-week low, while the ADX General index added 0.16%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 3.43% or 0.060 points to trade at 1.810 at the close. Gulf Navigation Holding PJSC (DU:GNAV) added 2.21% or 0.019 points to end at 0.880 and Arabian Scandinavian Insurance Co PLC (DU:ASCI) was up 1.89% or 0.050 points to 2.700 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU:SALAMA), which lost 5.55% or 0.035 points to trade at 0.596 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 4.47% or 0.029 points to end at 0.620 and SHUAA Capital PSC (DU:SHUA) shed 3.77% or 0.040 points to 1.020.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 11.90% to 2.350, Rak Ceramics (AD:RKCE) which was up 6.22% to settle at 2.390 and National Takaful Co PJSC (AD:WATA) which gained 4.90% to close at 0.54.

The worst performers were Methaq (AD:METH) which was down 3.62% to 0.771 in late trade, Eshraq Properties Co PJSC (AD:ESHR) which lost 2.95% to settle at 0.5600 and Union Natl Bk (AD:UNB) which was down 1.80% to 4.920 at the close.

Declining stocks outnumbered rising ones by 20 to 12 and 6 ended unchanged; on the Abu Dhabi, 11 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.10% or 0.07 to $69.52 a barrel. Meanwhile, Brent oil for delivery in November fell 0.14% or 0.11 to hit $78.92 a barrel, while the December Gold Futures contract rose 0.35% or 4.20 to trade at $1207.10 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.07% to 4.2894.

The US Dollar Index Futures was down 0.05% at 94.17.