United Arab Emirates stocks lower at close of trade; DFM General down 0.03%

Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Dubai, the lost 0.03%, while the index declined 1.65%.

The best performers of the session on the were Dubai Islamic Insurance Co. (DU:), which rose 14.95% or 0.110 points to trade at 0.846 at the close. Meanwhile, Takaful House (DU:) added 8.65% or 0.090 points to end at 1.130 and Islamic Arab Insurance Company (DU:) was up 5.97% or 0.024 points to 0.426 in late trade.

The worst performers of the session were Emaar Malls (DU:), which fell 2.34% or 0.060 points to trade at 2.500 at the close. Dubai Financial Market PJSC (DU:) declined 1.80% or 0.020 points to end at 1.090 and Arabtec Holding PJSC (DU:) was down 1.68% or 0.013 points to 0.762.

The top performers on the ADX General were Em Driving Co (AD:) which rose 14.12% to 9.70, Ad Aviation (AD:) which was up 8.00% to settle at 2.700 and Agthia Group (AD:) which gained 6.95% to close at 5.69.

The worst performers were First Abu Dhabi Bank PJSC (AD:) which was down 3.65% to 10.55 in late trade, Union Natl Bk (AD:) which lost 1.87% to settle at 4.710 and Emirates Telec (AD:) which was down 1.71% to 17.20 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 15 and 3 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 6 ended unchanged.

Shares in Emirates Telec (AD:) fell to 52-week lows; losing 1.71% or 0.30 to 17.20.

Crude oil for July delivery was down 2.17% or 1.08 to $ 48.58 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 2.28% or 1.19 to hit $ 51.05 a barrel, while the June Gold Futures contract rose 0.18% or 2.28 to trade at $ 1264.38 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.26% to 4.1194.

The US Dollar Index Futures was down 0.17% at 97.05.