Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Consumer Staples, Telecoms and Banking sectors propelled shares higher while losses in the Transport, Insurance and Services sectors led shares lower.
At the close in Dubai, the DFM General fell 0.49% to hit a new 1-month low, while the ADX General index climbed 1.06%.
The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU:DSI), which rose 4.11% or 0.021 points to trade at 0.532 at the close. Dubai Parks and Resorts PJSC (DU:DUBA) added 2.36% or 0.030 points to end at 1.300 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.89% or 0.020 points to 1.080 in late trade.
Biggest losers included Takaful Emarat PSC (DU:TKFE), which lost 7.57% or 0.140 points to trade at 1.710 in late trade. Mashreqbank PSC (DU:MASB) declined 5.75% or 4.45 points to end at 73.00 and Dubai Islamic Insurance Co. (DU:AMAN) shed 5.27% or 0.032 points to 0.575.
The top performers on the ADX General were Methaq (AD:METH) which rose 6.67% to 0.800, Natl Bk Of Rak (AD:RAKB) which was up 5.83% to settle at 5.45 and Ad Commercial (AD:ADCB) which gained 4.01% to close at 6.22.
The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.69% to 2.61 in late trade, Rak Ceramics (AD:RKCE) which lost 5.88% to settle at 3.20 and Invest Bank AD (AD:INVB) which was down 4.55% to 2.10 at the close.
Declining stocks outnumbered rising ones by 20 to 14 and 2 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for June delivery was up 0.48% or 0.21 to $43.86 a barrel. Meanwhile, Brent oil for delivery in July rose 0.44% or 0.20 to hit $45.17 a barrel, while the June Gold contract fell 1.03% or 13.35 to trade at $1278.45 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.01% to 4.2219.
The US Dollar Index was up 0.10% at 93.11.