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On Wednesday, United Arab Emirates equities headed south after the close because losses in the Consumer Staples, Real Estate & Construction as well as Services sectors suppressed stocks.
The DFM General went down 1.89% in Dubai reaching a fresh 3-months minimum. Meanwhile, the ADX General index sagged 1.14%.
On the DFM General the best performance was demonstrated by such benchmarks as Emirates NBD PJSC, National Cement Company P.S.C. and Dubai Investments PJSC. They rose respectively 2.20%, 0.00% and 0.00%.
As for losers, they were represented by National Central Cooling Co., DXB Entertainments and SHUAA Capital PSC. They declined 6.37%, 5.58% and 5.50% respectively.
Sagging stocks outperformed rallying equities on the Dubai Stock Exchange by 31 to 2, while 3 were intact.
The currency pair USD/AED went down 0.01% being worth 3.6728, EUR/AED jumped 0.10% trading at 4.2603.
The US Dollar Index Futures headed south 0.09% showing an outcome of 94.72.
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019…
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
On Friday, European equities went up, breaching a five-month maximum recorded yesterday because market participants cheered upbeat signals over US-China trade negotiations and after British lawmakers underpinned a delay of a chaotic departure from the EU…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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