United Arab Emirates shares higher at close of trade; DFM General up 0.81%

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United Arab Emirates shares higher at close of trade; DFM General up 0.81%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.81% to hit a new 1-month high, while the ADX General index added 0.29%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 2.57% or 0.019 points to trade at 0.759 at the close. Dubai Investments PJSC (DU: DINV ) added 2.00% or 0.040 points to end at 2.040 and Air Arabia PJSC (DU: AIRA ) was up 1.90% or 0.020 points to 1.070 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 6.25% or 5.00 points to trade at 75.00 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 1.25% or 0.009 points to end at 0.712 and Dubai Financial Market PJSC (DU: DFM ) shed 0.71% or 0.007 points to 0.973.

The top performers on the ADX General were Natl Bk Of Rak (AD: RAKB ) which rose 4.52% to 4.39, Rak Cement Co (AD: RKCC ) which was up 3.95% to settle at 0.790 and Ad Natl Energy (AD: TAQA ) which gained 1.65% to close at 1.230.

The worst performers were Invest Bank AD (AD: INVB ) which was down 9.92% to 2.270 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 7.46% to settle at 1.860 and Abu Dhabi National Hotels Co (AD: ADNH ) which was down 2.03% to 2.90 at the close.

Advancing stocks outnumbered falling ones by 21 to 12 and 5 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.83% or 1.26 to $69.95 a barrel. Meanwhile, Brent oil for delivery in October rose 0.79% or 0.59 to hit $75.35 a barrel, while the August Gold Futures contract fell 0.13% or 1.60 to trade at $1221.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.25% to 4.2924.

The US Dollar Index Futures was down 0.20% at 94.28.

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