Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Insurance, Banking and Services sectors led shares lower.
At the close in Dubai, the DFM General declined 0.32% to hit a new 52-week low, while the ADX General index lost 0.64%.
The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 3.08% or 0.020 points to trade at 0.670 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 2.48% or 0.012 points to end at 0.495 and Dubai Parks and Resorts PJSC (DU:DUBA) was up 1.80% or 0.020 points to 1.130 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 7.73% or 0.140 points to trade at 1.670 at the close. Emirates NBD PJSC (DU:ENBD) declined 2.86% or 0.220 points to end at 7.480 and Takaful House (DU:DTKF) was down 2.46% or 0.011 points to 0.437.
The top performers on the ADX General were Dana Gas (AD:DANA) which rose 6.98% to 0.460, Agthia Group (AD:AGTH) which was up 2.67% to settle at 7.70 and Aldar Properti (AD:ALDR) which gained 2.19% to close at 2.33.
The worst performers were Abu Dhabi National Hotels Co (AD:ADNH) which was down 7.41% to 2.50 in late trade, Invest Bank AD (AD:INVB) which lost 5.26% to settle at 1.80 and Ad Shipbldg Co (AD:ADSB) which was down 5.02% to 2.84 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 10; on the Abu Dhabi Stock Exchange, 13 fell and 9 advanced, while 1 ended unchanged.
Shares in Invest Bank AD (AD:INVB) fell to 52-week lows; down 5.26% or 0.10 to 1.80.
Crude oil for January delivery was up 1.45% or 0.55 to $38.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.04% or 0.42 to hit $40.68 a barrel, while the February Gold contract rose 0.25% or 2.70 to trade at $1078.00 a troy ounce.
USD/AED was up 0.01% to 3.6731, while EUR/AED rose 0.41% to 4.0165.
The US Dollar Index was down 0.33% at 98.09.