United Arab Emirates shares higher at close of trade; DFM General up 0.79%

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United Arab Emirates shares higher at close of trade; DFM General up 0.79%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.79% to hit a new 1-month high, while the ADX General index added 0.14%.

The biggest gainers of the session on the DFM General were DXB Entertainments (P.J.S.C.) (DU: DXBE ), which rose 6.23% or 0.049 points to trade at 0.835 at the close. Gulf General Investments Company (DU: GGIC ) added 5.77% or 0.021 points to end at 0.385 and Emaar Properties PJSC (DU: EMAR ) was up 2.17% or 0.190 points to 8.930 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 7.50% or 6.00 points to trade at 74.00 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 5.85% or 0.120 points to end at 1.930 and National Central Cooling Co. (DU: TABR ) shed 2.38% or 0.050 points to 2.050.

The top performers on the ADX General were Al Khaleej Investment Co PJSC (AD: KICO ) which rose 14.81% to 2.79, Sharjah Cement AD (AD: SCID ) which was up 6.67% to settle at 1.120 and Ad Natl Energy (AD: TAQA ) which gained 4.41% to close at 0.710.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 8.57% to 2.24 in late trade, Rak Ceramics (AD: RKCE ) which lost 2.41% to settle at 2.430 and Agthia Group (AD: AGTH ) which was down 2.11% to 5.10 at the close.

Advancing stocks outnumbered falling ones by 22 to 13 and 3 ended unchanged; on the Abu Dhabi, 11 rose and 5 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.63% or 0.32 to $50.12 a barrel. Meanwhile, Brent oil for delivery in November fell 0.67% or 0.37 to hit $55.25 a barrel, while the December Gold Futures contract fell 0.48% or 6.36 to trade at $1318.84 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.19% to 4.3961.

The US Dollar Index Futures was down 0.06% at 91.60.

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