Investing.com – United Arab Emirates stocks were lower after the close on Wednesday, as losses in the Real Estate & Construction, Finance & Investment and Insurance sectors led shares lower.
At the close in Dubai, the DFM General declined 0.92% to hit a new 52-week low, while the ADX General index lost 0.82%.
The best performers of the session on the DFM General were Gulf General Investments Company (DU:GGIC), which rose 5.37% or 0.013 points to trade at 0.255 at the close. Meanwhile, DXB Entertainments (P.J.S.C.) (DU:DXBE) added 2.36% or 0.009 points to end at 0.390 and National Central Cooling Co. (DU:TABR) was up 1.72% or 0.030 points to 1.770 in late trade.
The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 5.10% or 0.035 points to trade at 0.651 at the close. Emaar Malls (DU:EMAA) declined 4.93% or 0.110 points to end at 2.120 and Drake & Scull International PJSC (DU:DSI) was down 3.39% or 0.040 points to 1.140.
The top performers on the ADX General were Sharjah Cement AD (AD:SCID) which rose 10.48% to 1.160, Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was up 6.90% to settle at 0.620 and Abd Nat Takafu (AD:TKFL) which gained 4.44% to close at 4.70.
The worst performers were Invest Bank AD (AD:INVB) which was down 9.81% to 1.930 in late trade, Rak Cement Co (AD:RKCC) which lost 6.94% to settle at 0.670 and National Marine Dredging PSC (AD:NMDC) which was down 5.94% to 3.010 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 17 to 12 and 6 ended unchanged; on the Abu Dhabi, 14 fell and 10 advanced, while 9 ended unchanged.
Shares in Dubai Islamic Insurance Co. (DU:AMAN) fell to 52-week lows; losing 5.10% or 0.035 to 0.651. Shares in Drake & Scull International PJSC (DU:DSI) fell to 52-week lows; losing 3.39% or 0.040 to 1.140. Shares in Invest Bank AD (AD:INVB) fell to 52-week lows; down 9.81% or 0.210 to 1.930. Shares in Abu Dhabi National for Building Materials Co PJSC (AD:BILD) rose to 52-week highs; gaining 6.90% or 0.040 to 0.620.
Crude oil for June delivery was up 0.28% or 0.19 to $67.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.14% or 0.10 to hit $73.03 a barrel, while the June Gold Futures contract rose 0.28% or 3.70 to trade at $1310.50 a troy ounce.
USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.78% to 4.4085.
The US Dollar Index Futures was down 0.07% at 92.22.