Investing.com – United Arab Emirates equities were lower at the close on Wednesday, as losses in the Finance & Investment, Telecoms and Banking sectors propelled shares lower.
At the close in Dubai, the DFM General lost 0.09%, while the ADX General index lost 0.12%.
The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 15.00% or 10.35 points to trade at 79.35 at the close. Dubai Islamic Insurance Co. (DU:AMAN) added 14.56% or 0.150 points to end at 1.180 and Islamic Arab Insurance Company (DU:SALAMA) was up 6.49% or 0.040 points to 0.656 in late trade.
Biggest losers included National Cement Company P.S.C. (DU:NCC), which lost 6.25% or 0.200 points to trade at 3.000 in late trade. Emirates NBD PJSC (DU:ENBD) declined 2.33% or 0.210 points to end at 8.790 and Amlak Finance PJSC (DU:AMLK) shed 2.14% or 0.030 points to 1.370.
The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 14.72% to 3.74, Rak Properties (AD:RPRO) which was up 7.25% to settle at 0.740 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 6.45% to close at 0.9900.
The worst performers were Abu Dhabi National Hotels Co (AD:ADNH) which was down 9.58% to 2.83 in late trade, Al Khazna Ins (AD:AKIC) which lost 8.51% to settle at 0.430 and Eshraq Properties Co PJSC (AD:ESHR) which was down 0.97% to 1.0200 at the close.
Declining stocks outnumbered rising ones by 20 to 17 and 6 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 8 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for February delivery was up 0.91% or 0.46 to $51.28 a barrel. Meanwhile, Brent oil for delivery in March rose 0.91% or 0.49 to hit $54.13 a barrel, while the February Gold contract rose 0.21% or 2.50 to trade at $1188.00 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.34% to 3.8636.
The US Dollar Index was up 0.27% at 102.29.