Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Finance & Investment, Services and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General fell 0.57%, while the ADX General index lost 0.25%.
The best performers of the session on the DFM General were ARAMEX PJSC (DU:ARMX), which rose 1.75% or 0.070 points to trade at 4.070 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 1.05% or 0.004 points to end at 0.385 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.04% or 0.010 points to 0.970 in late trade.
The worst performers of the session were Takaful Emarat PSC (DU:TKFE), which fell 4.84% or 0.090 points to trade at 1.770 at the close. Damac Properties Dubai Co PSC (DU:DAMAC) declined 3.80% or 0.090 points to end at 2.280 and Takaful House (DU:DTKF) was down 1.95% or 0.013 points to 0.654.
The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 6.16% to 2.240, Methaq (AD:METH) which was up 5.13% to settle at 0.820 and Gulf Cement Co (AD:GCEM) which gained 2.13% to close at 0.9600.
The worst performers were Union Insurance Co PSC (AD:UNIN) which was down 9.49% to 1.43 in late trade, Sharjah Group Co (AD:SG) which lost 8.73% to settle at 1.15 and Abd Nat Takafu (AD:TKFL) which was down 4.35% to 4.40 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 24 to 12 and 4 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 7 ended unchanged.
Shares in Abd Nat Takafu (AD:TKFL) fell to 52-week lows; losing 4.35% or 0.20 to 4.40.
Crude oil for August delivery was up 0.11% or 0.07 to $64.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.08% or 0.06 to hit $75.02 a barrel, while the August Gold Futures contract fell 0.26% or 3.30 to trade at $1275.30 a troy ounce.
USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.23% to 4.2470.
The US Dollar Index Futures was up 0.14% at 94.78.