Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Finance & Investment, Telecoms and Banking sectors led shares lower.
At the close in Dubai, the DFM General lost 0.09%, while the ADX General index fell 0.12%.
The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 15.00% or 10.35 points to trade at 79.35 at the close. Meanwhile, Dubai Islamic Insurance Co. (DU:AMAN) added 14.56% or 0.150 points to end at 1.180 and Islamic Arab Insurance Company (DU:SALAMA) was up 6.49% or 0.040 points to 0.656 in late trade.
The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 6.25% or 0.200 points to trade at 3.000 at the close. Emirates NBD PJSC (DU:ENBD) declined 2.33% or 0.210 points to end at 8.790 and Amlak Finance PJSC (DU:AMLK) was down 2.14% or 0.030 points to 1.370.
The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 14.72% to 3.74, Rak Properties (AD:RPRO) which was up 7.25% to settle at 0.740 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 6.45% to close at 0.9900.
The worst performers were Abu Dhabi National Hotels Co (AD:ADNH) which was down 9.58% to 2.83 in late trade, Al Khazna Ins (AD:AKIC) which lost 8.51% to settle at 0.430 and Eshraq Properties Co PJSC (AD:ESHR) which was down 0.97% to 1.0200 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 20 to 17 and 6 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 8 ended unchanged.
Shares in Dubai Islamic Insurance Co. (DU:AMAN) rose to 52-week highs; up 14.56% or 0.150 to 1.180. Shares in Rak Properties (AD:RPRO) rose to 52-week highs; gaining 7.25% or 0.050 to 0.740.
Crude oil for February delivery was up 0.89% or 0.45 to $51.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.89% or 0.48 to hit $54.12 a barrel, while the February Gold contract rose 0.26% or 3.05 to trade at $1188.55 a troy ounce.
USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.34% to 3.8636.
The US Dollar Index was up 0.27% at 102.29.