Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Real Estate & Construction and Transport sectors led shares lower.
At the close in Dubai, the DFM General lost 0.74% to hit a new 52-week low, while the ADX General index declined 0.46%.
The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 5.00% or 0.090 points to trade at 1.890 at the close. Meanwhile, Union Properties PJSC (DU:UPRO) added 4.50% or 0.031 points to end at 0.720 and Takaful House (DU:DTKF) was up 2.78% or 0.017 points to 0.629 in late trade.
The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 10.00% or 0.081 points to trade at 0.729 at the close. Amlak Finance PJSC (DU:AMLK) declined 5.53% or 0.041 points to end at 0.701 and Gulf General Investments Company (DU:GGIC) was down 5.36% or 0.015 points to 0.265.
The top performers on the ADX General were Union Insurance Co PSC (AD:UNIN) which rose 13.29% to 1.79, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 7.55% to settle at 0.570 and Ad Natl Energy (AD:TAQA) which gained 5.77% to close at 1.100.
The worst performers were Eshraq Properties Co PJSC (AD:ESHR) which was down 9.68% to 0.5600 in late trade, Rak Properties (AD:RPRO) which lost 1.56% to settle at 0.630 and Union Natl Bk (AD:UNB) which was down 1.37% to 3.600 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 12 and 2 ended unchanged; on the Abu Dhabi, 12 rose and 10 declined, while 3 ended unchanged.
Shares in Drake & Scull International PJSC (DU:DSI) fell to 52-week lows; falling 10.00% or 0.081 to 0.729. Shares in Amlak Finance PJSC (DU:AMLK) fell to all time lows; down 5.53% or 0.041 to 0.701. Shares in Eshraq Properties Co PJSC (AD:ESHR) fell to 52-week lows; losing 9.68% or 0.0600 to 0.5600. Shares in Rak Properties (AD:RPRO) fell to 52-week lows; losing 1.56% or 0.010 to 0.630.
Crude oil for August delivery was up 0.79% or 0.56 to $71.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.83% or 0.63 to hit $76.77 a barrel, while the August Gold Futures contract fell 0.06% or 0.70 to trade at $1259.20 a troy ounce.
USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.20% to 4.2697.
The US Dollar Index Futures was up 0.17% at 94.52.