Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Telecoms, Insurance and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General lost 0.82%, while the ADX General index fell 1.17%.
The best performers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 4.00% or 0.070 points to trade at 1.820 at the close. Meanwhile, ARAMEX PJSC (DU:ARMX) added 2.16% or 0.090 points to end at 4.250 and Gulf Navigation Holding PJSC (DU:GNAV) was up 1.10% or 0.010 points to 0.920 in late trade.
The worst performers of the session were Drake & Scull International PJSC (DU:DSI), which fell 10.00% or 0.045 points to trade at 0.405 at the close. Deyaar Development PJSC (DU:DEYR) declined 6.22% or 0.028 points to end at 0.422 and Emaar Development PJSC (DU:EMAARDEV) was down 4.57% or 0.250 points to 5.220.
The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 5.49% to 0.480, Dana Gas (AD:DANA) which was up 2.59% to settle at 1.190 and Methaq (AD:METH) which gained 2.56% to close at 0.800.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 5.85% to 3.060 in late trade, Rak Cement Co (AD:RKCC) which lost 4.60% to settle at 0.705 and Rak Ceramics (AD:RKCE) which was down 2.22% to 2.200 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 26 to 12 and 2 ended unchanged; on the Abu Dhabi, 15 fell and 6 advanced, while 4 ended unchanged.
Shares in Drake & Scull International PJSC (DU:DSI) fell to 5-year lows; falling 10.00% or 0.045 to 0.405. Shares in Dana Gas (AD:DANA) rose to 5-year highs; rising 2.59% or 0.030 to 1.190.
Crude oil for October delivery was up 0.91% or 0.63 to $69.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.22% or 0.17 to hit $79.23 a barrel, while the December Gold Futures contract fell 0.12% or 1.50 to trade at $1200.70 a troy ounce.
USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.27% to 4.2506.
The US Dollar Index Futures was up 0.18% at 95.22.