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.