Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

United Arab Emirates stocks lower at close of trade; DFM General down 0.26%

Published 04/25/2018, 07:15 AM
Updated 04/25/2018, 07:15 AM
© Reuters.  United Arab Emirates stocks lower at close of trade; DFM General down 0.26%

© Reuters. United Arab Emirates stocks lower at close of trade; DFM General down 0.26%

Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Insurance and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General fell 0.26% to hit a new 52-week low, while the ADX General index declined 0.39%.

The best performers of the session on the DFM General were ARAMEX PJSC (DU:ARMX), which rose 2.77% or 0.110 points to trade at 4.080 at the close. Meanwhile, Emirates NBD PJSC (DU:ENBD) added 2.35% or 0.250 points to end at 10.900 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.92% or 0.020 points to 1.060 in late trade.

The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 9.40% or 0.140 points to trade at 1.350 at the close. Marka Pjse (DU:MARKA) declined 8.62% or 0.03 points to end at 0.27 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was down 8.37% or 0.035 points to 0.383.

The top performers on the ADX General were Commercial Bank International (AD:CBI) which rose 15.00% to 0.690, Union Insurance Co PSC (AD:UNIN) which was up 14.58% to settle at 1.65 and Methaq (AD:METH) which gained 5.26% to close at 0.800.

The worst performers were Dana Gas (AD:DANA) which was down 4.40% to 0.870 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 4.21% to settle at 2.050 and Rak Properties (AD:RPRO) which was down 3.03% to 0.640 at the close.

Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 23 to 11 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 8 ended unchanged.

Shares in Emirates NBD PJSC (DU:ENBD) rose to 5-year highs; up 2.35% or 0.250 to 10.900. Shares in Marka Pjse (DU:MARKA) fell to all time lows; down 8.62% or 0.03 to 0.27. Shares in DXB Entertainments (P.J.S.C.) (DU:DXBE) fell to all time lows; losing 8.37% or 0.035 to 0.383.

Crude oil for June delivery was up 0.19% or 0.13 to $67.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.08% or 0.06 to hit $73.92 a barrel, while the June Gold Futures contract fell 0.57% or 7.60 to trade at $1325.40 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.26% to 4.4811.

The US Dollar Index Futures was up 0.29% at 90.82.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.