United Arab Emirates shares higher at close of trade; DFM General up 0.45%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.45%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Telecoms , Transport and Real Estate & Construction sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.45%, while the ADX General index added 0.38%.

The biggest gainers of the session on the DFM General were Air Arabia PJSC (DU: AIRA ), which rose 4.39% or 0.050 points to trade at 1.190 at the close. Emirate Integrated Telecom Co PJSC (DU: DU ) added 2.64% or 0.140 points to end at 5.450 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 2.49% or 0.022 points to 0.904 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 6.01% or 4.45 points to trade at 69.55 in late trade. Takaful House (DU: DTKF ) declined 2.28% or 0.022 points to end at 0.944 and Drake & Scull International PJSC (DU: DSI ) shed 2.00% or 0.030 points to 1.470.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 13.16% to 2.150, Gulf Medical Projects Co PSC (AD: GMPC ) which was up 5.02% to settle at 2.30 and Al Khazna Ins (AD: AKIC ) which gained 3.85% to close at 0.270.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 5.06% to 0.750 in late trade, Sharjah Islami (AD: SIB ) which lost 1.46% to settle at 1.350 and Eshraq Properties Co PJSC (AD: ESHR ) which was down 1.37% to 0.7200 at the close.

Advancing stocks outnumbered falling ones by 16 to 14 and 9 ended unchanged; on the Abu Dhabi, 15 rose and 7 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 1.82% or 0.94 to $50.73 a barrel. Meanwhile, Brent oil for delivery in December fell 1.62% or 0.92 to hit $55.87 a barrel, while the December Gold Futures contract fell 0.64% or 8.28 to trade at $1276.52 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.59% to 4.3142.

The US Dollar Index Futures was up 0.53% at 93.40.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search