Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Insurance, Finance & Investment and Consumer Staples sectors propelled shares higher while losses in the Transport, Real Estate & Construction and Telecoms sectors led shares lower.
The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 5.51% or 0.036 points to trade at 0.689 at the close. Islamic Arab Insurance Company (DU:SALAMA) added 4.56% or 0.018 points to end at 0.413 and AJMAN BANK PJSC (DU:AJBNK) was up 2.32% or 0.021 points to 0.925 in late trade.
Biggest losers included Drake & Scull International PJSC (DU:DSI), which lost 4.19% or 0.020 points to trade at 0.457 in late trade. Gulf General Investments Company (DU:GGIC) declined 2.99% or 0.008 points to end at 0.260 and Gulf Navigation Holding PJSC (DU:GNAV) shed 2.98% or 0.028 points to 0.911.
The top performers on the ADX General were Sharjah Cement AD (AD:SCID) which rose 8.70% to 1.000, Agthia Group (AD:AGTH) which was up 5.59% to settle at 4.91 and Waha Capital (AD:WAHA) which gained 3.35% to close at 1.850.
The worst performers were Invest Bank AD (AD:INVB) which was down 9.80% to 1.840 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 6.54% to settle at 1.430 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 5.45% to 0.520 at the close.
Declining stocks outnumbered rising ones by 20 to 11 and 7 ended unchanged; on the Abu Dhabi, 9 fell and 9 advanced, while 8 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 1.22% or 0.82 to $66.22 a barrel. Meanwhile, Brent oil for delivery in October fell 0.90% or 0.65 to hit $71.81 a barrel, while the December Gold Futures contract fell 0.75% or 9.00 to trade at $1191.70 a troy ounce.
USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.23% to 4.1569.
The US Dollar Index Futures was up 0.24% at 96.78.
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