Investing.com – United Arab Emirates equities were mixed at the close on Wednesday, as gains in the Finance & Investment, Telecoms and Consumer Staples sectors propelled shares higher while losses in the Insurance, Transport and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General gained 0.39% to hit a new 3-month high, while the ADX General index fell 0.39%.
The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU:DINV), which rose 2.08% or 0.050 points to trade at 2.450 at the close. AJMAN BANK PJSC (DU:AJBNK) added 1.68% or 0.020 points to end at 1.210 and National Central Cooling Co. (DU:TABR) was up 1.47% or 0.030 points to 2.070 in late trade.
Biggest losers included National General Insurance Co PSC (DU:NGIN), which lost 9.62% or 0.23 points to trade at 2.16 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 5.38% or 0.056 points to end at 0.984 and Gulf Navigation Holding PJSC (DU:GNAV) shed 2.14% or 0.030 points to 1.370.
The top performers on the ADX General were United Arab Bk (AD:UAB) which rose 15.00% to 1.610, Em Driving Co (AD:DRIV) which was up 6.24% to settle at 8.00 and National Corp Tourism Hotels (AD:NCTH) which gained 4.42% to close at 2.60.
The worst performers were Gulf Medical Projects Co PSC (AD:GMPC) which was down 9.98% to 3.70 in late trade, Commercial Bank International (AD:CBI) which lost 8.18% to settle at 1.010 and Bank Of Sharja (AD:BOS) which was down 3.33% to 1.160 at the close.
Advancing stocks outnumbered falling ones by 19 to 17 and 3 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was up 0.79% or 0.38 to $48.27 a barrel. Meanwhile, Brent oil for delivery in September rose 0.54% or 0.27 to hit $50.47 a barrel, while the August Gold Futures contract fell 0.37% or 4.62 to trade at $1247.48 a troy ounce.
USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.04% to 4.2756.
The US Dollar Index Futures was up 0.01% at 93.93.