United Arab Emirates shares higher at close of trade; DFM General up 0.05%

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United Arab Emirates shares higher at close of trade; DFM General up 0.05%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Services , Telecoms and Consumer Staples sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.05%, while the ADX General index climbed 0.43%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 1.65% or 0.030 points to trade at 1.850 at the close. Emaar Properties PJSC (DU: EMAR ) added 0.86% or 0.060 points to end at 7.030 and SHUAA Capital PSC (DU: SHUA ) was up 0.84% or 0.010 points to 1.200 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 6.00% or 0.120 points to trade at 1.880 in late trade. Commercial Bank of Dubai P.S.C. (DU: CBD ) declined 2.38% or 0.100 points to end at 4.100 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 2.22% or 0.030 points to 1.320.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 3.26% to 0.9500, Rak Ceramics (AD: RKCE ) which was up 3.17% to settle at 2.600 and Emirates Telec (AD: ETEL ) which gained 1.46% to close at 17.35.

The worst performers were National Takaful Co PJSC (AD: WATA ) which was down 10.00% to 0.45 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 7.86% to settle at 2.110 and Emirates Ins C (AD: EIC ) which was down 7.69% to 6.00 at the close.

Declining stocks outnumbered rising ones by 19 to 15 and 7 ended unchanged; on the Abu Dhabi, 18 fell and 5 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.45% or 0.26 to $57.59 a barrel. Meanwhile, Brent oil for delivery in February rose 0.30% or 0.19 to hit $63.42 a barrel, while the February Gold Futures contract rose 0.31% or 3.90 to trade at $1261.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.36% to 4.3326.

The US Dollar Index Futures was down 0.21% at 93.27.

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