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.