Investing.com – United Arab Emirates stocks were mixed after the close on Wednesday, as gains in the Services, Telecoms and Consumer Staples sectors led shares higher while losses in the Insurance, Real Estate & Construction and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General rose 0.13%, while the ADX General index lost 0.55%.
The best performers of the session on the DFM General were AJMAN BANK PJSC (DU:AJBNK), which rose 6.38% or 0.120 points to trade at 2.000 at the close. Meanwhile, Amanat Holdings PJSC (DU:AMANT) added 3.33% or 0.030 points to end at 0.930 and Gulf General Investments Company (DU:GGIC) was up 2.33% or 0.020 points to 0.880 in late trade.
The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 3.82% or 0.024 points to trade at 0.605 at the close. Takaful Emarat PSC (DU:TKFE) declined 3.16% or 0.060 points to end at 1.840 and Drake & Scull International PJSC (DU:DSI) was down 1.23% or 0.009 points to 0.724.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 13.75% to 2.73, Int Fish Farmi (AD:ASMK) which was up 9.59% to settle at 8.00 and Dana Gas (AD:DANA) which gained 6.52% to close at 0.490.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.85% to 4.30 in late trade, Ad Natl Ins Co (AD:ADNI) which lost 9.40% to settle at 5.30 and Arkan Bld Mt C (AD:ARKN) which was down 8.74% to 0.94 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 17 to 8 and 1 ended unchanged; on the Abu Dhabi Stock Exchange, 17 rose and 13 declined, while 1 ended unchanged.
Shares in National Marine Dredging PSC (AD:NMDC) fell to 52-week lows; falling 9.85% or 0.47 to 4.30. Shares in Ad Natl Ins Co (AD:ADNI) fell to 52-week lows; falling 9.40% or 0.55 to 5.30. Shares in Arkan Bld Mt C (AD:ARKN) fell to 52-week lows; losing 8.74% or 0.09 to 0.94.
Crude oil for August delivery was down 1.48% or 0.88 to $58.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.16% or 0.73 to hit $62.85 a barrel, while the August Gold contract rose 0.03% or 0.40 to trade at $1172.20 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED fell 0.34% to 4.0806.
The US Dollar Index was up 0.29% at 96.03.