Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Finance & Investment, Real Estate & Construction and Services sectors led shares lower.
At the close in Dubai, the DFM General fell 0.66%, while the ADX General index fell 1.34%.
The best performers of the session on the DFM General were National General Insurance Co PSC (DU:NGIN), which rose 13.88% or 0.44 points to trade at 3.61 at the close. Meanwhile, Dubai Parks and Resorts PJSC (DU:DUBA) added 6.06% or 0.080 points to end at 1.400 and Commercial Bank of Dubai P.S.C. (DU:CBD) was up 5.56% or 0.300 points to 5.700 in late trade.
The worst performers of the session were National Cement Company P.S.C. (DU:NCC), which fell 10.00% or 0.350 points to trade at 3.150 at the close. Dubai Investments PJSC (DU:DINV) declined 4.55% or 0.100 points to end at 2.100 and Emaar Properties PJSC (DU:EMAR) was down 2.62% or 0.160 points to 5.950.
The top performers on the ADX General were Int Fish Farmi (AD:ASMK) which rose 7.86% to 7.00, Agthia Group (AD:AGTH) which was up 2.11% to settle at 7.25 and Rak Properties (AD:RPRO) which gained 1.59% to close at 0.640.
The worst performers were Rak Cement Co (AD:RKCC) which was down 4.71% to 0.810 in late trade, Ad Commercial (AD:ADCB) which lost 3.92% to settle at 6.38 and First Gulf Bk (AD:FGB) which was down 3.75% to 11.55 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 14 to 12 and 3 ended unchanged; on the Abu Dhabi Stock Exchange, 10 fell and 9 advanced, while 4 ended unchanged.
Shares in National Cement Company P.S.C. (DU:NCC) fell to 52-week lows; falling 10.00% or 0.350 to 3.150.
Crude oil for April delivery was up 1.82% or 0.66 to $37.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 1.45% or 0.56 to hit $39.30 a barrel, while the April Gold contract rose 0.18% or 2.20 to trade at $1233.20 a troy ounce.
USD/AED was unchanged 0.00% to 3.6729, while EUR/AED fell 0.19% to 4.0723.
The US Dollar Index was up 0.23% at 96.88.