Investing.com – United Arab Emirates stocks were mixed after the close on Wednesday, as gains in the Insurance, Banking and Telecoms sectors led shares higher while losses in the Real Estate & Construction, Transport and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General declined 1.44%, while the ADX General index climbed 0.06%.
The best performers of the session on the DFM General were SHUAA Capital PSC (DU:SHUA), which rose 4.20% or 0.050 points to trade at 1.240 at the close. Meanwhile, Islamic Arab Insurance Company (DU:SALAMA) added 1.57% or 0.008 points to end at 0.517 and Gulf General Investments Company (DU:GGIC) was up 1.33% or 0.005 points to 0.380 in late trade.
The worst performers of the session were Emaar Properties PJSC (DU:EMAR), which fell 6.23% or 0.480 points to trade at 7.220 at the close. National Central Cooling Co. (DU:TABR) declined 2.63% or 0.050 points to end at 1.850 and Gulf Navigation Holding PJSC (DU:GNAV) was down 2.21% or 0.030 points to 1.330.
The top performers on the ADX General were Em Driving Co (AD:DRIV) which rose 11.11% to 8.00, Rak Properties (AD:RPRO) which was up 4.29% to settle at 0.730 and Ad Natl Energy (AD:TAQA) which gained 3.45% to close at 0.600.
The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 6.82% to 0.410 in late trade, Gulf Cement Co (AD:GCEM) which lost 6.19% to settle at 0.9100 and Rak Cement Co (AD:RKCC) which was down 3.08% to 0.630 at the close.
Falling stocks outnumbered advancing ones on the Dubai Stock Exchange by 19 to 13 and 7 ended unchanged; on the Abu Dhabi, 11 rose and 7 declined, while 10 ended unchanged.
Shares in Abu Dhabi National for Building Materials Co PJSC (AD:BILD) fell to 52-week lows; losing 6.82% or 0.030 to 0.410. Shares in Rak Cement Co (AD:RKCC) fell to 3-years lows; losing 3.08% or 0.020 to 0.630.
Crude oil for January delivery was up 0.72% or 0.41 to $57.55 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.84% or 0.53 to hit $63.87 a barrel, while the February Gold Futures contract rose 0.17% or 2.10 to trade at $1243.80 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.07% to 4.3161.
The US Dollar Index Futures was down 0.06% at 94.00.