Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Telecoms, Real Estate & Construction and Transport sectors propelled shares lower.
At the close in Dubai, the DFM General fell 0.62%, while the ADX General index fell 0.20%.
The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU:ENBD), which rose 1.70% or 0.140 points to trade at 8.390 at the close. National Central Cooling Co. (DU:TABR) added 0.97% or 0.020 points to end at 2.080 and Drake & Scull International PJSC (DU:DSI) was up 0.80% or 0.003 points to 0.378 in late trade.
Biggest losers included SHUAA Capital PSC (DU:SHUA), which lost 2.50% or 0.030 points to trade at 1.170 in late trade. Emirate Integrated Telecom Co PJSC (DU:DU) declined 1.79% or 0.100 points to end at 5.500 and Dubai Financial Market PJSC (DU:DFM) shed 1.74% or 0.020 points to 1.130.
The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD:KICO) which rose 10.06% to 3.50, Gulf Medical Projects Co PSC (AD:GMPC) which was up 9.50% to settle at 2.19 and Gulf Cement Co (AD:GCEM) which gained 2.04% to close at 1.0000.
The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD:QIC) which was down 9.66% to 1.3100 in late trade, Al Khazna Ins (AD:AKIC) which lost 9.38% to settle at 0.290 and Ad Shipbldg Co (AD:ADSB) which was down 1.69% to 2.330 at the close.
Declining stocks outnumbered rising ones by 24 to 6 and 7 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 4 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for November delivery was up 1.16% or 0.58 to $50.48 a barrel. Meanwhile, Brent oil for delivery in November rose 1.16% or 0.64 to hit $55.78 a barrel, while the December Gold Futures contract rose 0.58% or 7.55 to trade at $1318.15 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.08% to 4.4092.
The US Dollar Index Futures was down 0.15% at 91.48.