United Arab Emirates shares higher at close of trade; DFM General up 0.52%

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United Arab Emirates shares higher at close of trade; DFM General up 0.52%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.52% to hit a new 1-month high, while the ADX General index climbed 0.90%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 3.75% or 0.013 points to trade at 0.360 at the close. Deyaar Development PJSC (DU: DEYR ) added 2.81% or 0.012 points to end at 0.439 and Drake & Scull International PJSC (DU: DSI ) was up 2.57% or 0.009 points to 0.359 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.85% or 0.070 points to trade at 1.750 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.40% or 0.015 points to end at 0.610 and ARAMEX PJSC (DU: ARMX ) shed 0.99% or 0.040 points to 4.000.

The top performers on the ADX General were Abu Dhabi National Hotels Co (AD: ADNH ) which rose 6.67% to 3.20, Invest Bank AD (AD: INVB ) which was up 6.38% to settle at 2.500 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 4.09% to close at 0.5850.

The worst performers were Rak Cmt & Cons (AD: RAKC ) which was down 9.91% to 0.882 in late trade, Union Insurance Co PSC (AD: UNIN ) which lost 9.70% to settle at 1.49 and Agthia Group (AD: AGTH ) which was down 9.21% to 4.04 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 4 ended unchanged; on the Abu Dhabi, 11 fell and 10 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.23% or 0.17 to $73.42 a barrel. Meanwhile, Brent oil for delivery in December rose 0.31% or 0.26 to hit $82.99 a barrel, while the December Gold Futures contract fell 0.52% or 6.20 to trade at $1190.00 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.01% to 4.2653.

The US Dollar Index Futures was down 0.08% at 94.72.

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