United Arab Emirates shares higher at close of trade; DFM General up 0.55%

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United Arab Emirates shares higher at close of trade; DFM General up 0.55%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.55% to hit a new 1-month high, while the ADX General index gained 0.64%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU: DEYR ), which rose 2.86% or 0.015 points to trade at 0.540 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 2.45% or 0.013 points to end at 0.544 and Takaful House (DU: DTKF ) was up 2.16% or 0.020 points to 0.945 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 3.23% or 0.040 points to trade at 1.200 in late trade. Union Properties PJSC (DU: UPRO ) declined 1.96% or 0.020 points to end at 1.000 and National Central Cooling Co. (DU: TABR ) shed 1.58% or 0.030 points to 1.870.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 14.10% to 0.890, Ad Natl Ins Co (AD: ADNI ) which was up 10.29% to settle at 3.750 and Union Cement (AD: UCC ) which gained 5.19% to close at 1.420.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 2.33% to 0.420 in late trade, Rak Cement Co (AD: RKCC ) which lost 1.41% to settle at 0.700 and Union Natl Bk (AD: UNB ) which was down 1.28% to 3.850 at the close.

Advancing stocks outnumbered falling ones by 23 to 10 and 9 ended unchanged; on the Abu Dhabi, 20 rose and 7 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.59% or 0.36 to $61.80 a barrel. Meanwhile, Brent oil for delivery in March rose 0.28% or 0.19 to hit $67.81 a barrel, while the February Gold Futures contract fell 0.07% or 0.90 to trade at $1321.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.19% to 4.4102.

The US Dollar Index Futures was up 0.17% at 91.91.

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