United Arab Emirates shares higher at close of trade; DFM General up 0.67%

  • Investing.com
  • Stock Market News
United Arab Emirates shares higher at close of trade; DFM General up 0.67%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.67%, while the ADX General index climbed 1.08%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 2.86% or 0.050 points to trade at 1.800 at the close. Emaar Properties PJSC (DU: EMAR ) added 2.77% or 0.140 points to end at 5.200 and Gulf General Investments Company (DU: GGIC ) was up 2.50% or 0.007 points to 0.287 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 4.97% or 0.044 points to trade at 0.841 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 3.82% or 0.029 points to end at 0.730 and Islamic Arab Insurance Company (DU: SALAMA ) shed 3.53% or 0.015 points to 0.410.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 4.89% to 1.930, Rak Cement Co (AD: RKCC ) which was up 2.67% to settle at 0.770 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 1.98% to close at 12.85.

The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 6.52% to 2.150 in late trade, Methaq (AD: METH ) which lost 4.88% to settle at 0.780 and Ad Natl Energy (AD: TAQA ) which was down 2.44% to 1.200 at the close.

Advancing stocks outnumbered falling ones by 18 to 16 and 6 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 1.96% or 1.37 to $68.58 a barrel. Meanwhile, Brent oil for delivery in September fell 2.24% or 1.69 to hit $73.64 a barrel, while the August Gold Futures contract rose 0.30% or 3.70 to trade at $1244.90 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.32% to 4.3055.

The US Dollar Index Futures was down 0.26% at 94.19.

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

Error: File type not supported

Drop an image here or