Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Consumer Staples, Insurance and Transport sectors led shares lower.
At the close in Dubai, the DFM General lost 0.07% to hit a new 52-week low, while the ADX General index lost 1.33%.
The best performers of the session on the DFM General were Amanat Holdings PJSC (DU:AMANT), which rose 1.54% or 0.020 points to trade at 1.320 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 0.99% or 0.010 points to end at 1.020 and SHUAA Capital PSC (DU:SHUA) was up 0.98% or 0.010 points to 1.030 in late trade.
The worst performers of the session were Islamic Arab Insurance Company (DU:SALAMA), which fell 3.72% or 0.016 points to trade at 0.414 at the close. Dubai Financial Market PJSC (DU:DFM) declined 2.86% or 0.030 points to end at 1.020 and DXB Entertainments (P.J.S.C.) (DU:DXBE) was down 2.55% or 0.012 points to 0.458.
The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 1.63% to 1.250, International Holding Company PJSC (AD:IHC) which was up 1.38% to settle at 1.47 and Bank Of Sharja (AD:BOS) which gained 0.92% to close at 1.100.
The worst performers were Ad Commercial (AD:ADCB) which was down 3.41% to 6.52 in late trade, First Abu Dhabi Bank PJSC (AD:FAB) which lost 2.98% to settle at 11.40 and Dana Gas (AD:DANA) which was down 2.22% to 0.880 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 14 and 6 ended unchanged; on the Abu Dhabi, 9 fell and 5 advanced, while 8 ended unchanged.
Shares in Dubai Financial Market PJSC (DU:DFM) fell to 52-week lows; falling 2.86% or 0.030 to 1.020. Shares in SHUAA Capital PSC (DU:SHUA) rose to 52-week lows; rising 0.98% or 0.010 to 1.030. Shares in DXB Entertainments (P.J.S.C.) (DU:DXBE) fell to all time lows; down 2.55% or 0.012 to 0.458. Shares in Bank Of Sharja (AD:BOS) rose to 5-year lows; up 0.92% or 0.010 to 1.100.
Crude oil for May delivery was down 0.69% or 0.45 to $64.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.46% or 0.32 to hit $69.14 a barrel, while the April Gold Futures contract fell 0.39% or 5.30 to trade at $1336.70 a troy ounce.
USD/AED was down 0.01% to 3.6729, while EUR/AED fell 0.08% to 4.5518.
The US Dollar Index Futures was up 0.21% at 89.15.