Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Telecoms and Services sectors led shares lower.
At the close in Dubai, the DFM General lost 0.14%, while the ADX General index declined 0.69%.
The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 0.91% or 0.010 points to trade at 1.110 at the close. Meanwhile, Air Arabia PJSC (DU:AIRA) added 0.88% or 0.010 points to end at 1.150 and Damac Properties Dubai Co PSC (DU:DAMAC) was up 0.76% or 0.030 points to 3.990 in late trade.
The worst performers of the session were National Central Cooling Co. (DU:TABR), which fell 3.26% or 0.070 points to trade at 2.080 at the close. SHUAA Capital PSC (DU:SHUA) declined 3.20% or 0.040 points to end at 1.210 and Gulf Navigation Holding PJSC (DU:GNAV) was down 2.96% or 0.040 points to 1.310.
The top performers on the ADX General were Rak Ceramics (AD:RKCE) which rose 6.85% to 2.650, Commercial Bank International (AD:CBI) which was up 3.77% to settle at 1.100 and Gulf Pharm Ind (AD:GPHI) which gained 2.92% to close at 2.470.
The worst performers were Ad Shipbldg Co (AD:ADSB) which was down 9.36% to 2.130 in late trade, Rak Cmt & Cons (AD:RAKC) which lost 3.77% to settle at 1.020 and Al Khazna Ins (AD:AKIC) which was down 2.94% to 0.330 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 18 to 10 and 8 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 3 ended unchanged.
Shares in Ad Shipbldg Co (AD:ADSB) fell to 52-week lows; losing 9.36% or 0.220 to 2.130. Shares in Gulf Pharm Ind (AD:GPHI) rose to 52-week highs; rising 2.92% or 0.070 to 2.470.
Crude oil for September delivery was up 0.51% or 0.25 to $49.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.52% or 0.27 to hit $52.41 a barrel, while the December Gold Futures contract rose 0.86% or 10.87 to trade at $1273.47 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.16% to 4.3112.
The US Dollar Index Futures was up 0.01% at 93.49.