United Arab Emirates shares higher at close of trade; DFM General up 1.41%

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United Arab Emirates shares higher at close of trade; DFM General up 1.41%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.41% to hit a new 1-month high, while the ADX General index gained 0.89%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 5.30% or 0.035 points to trade at 0.695 at the close. Emaar Properties PJSC (DU: EMAR ) added 4.13% or 0.230 points to end at 5.800 and Gulf General Investments Company (DU: GGIC ) was up 3.57% or 0.010 points to 0.290 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 5.66% or 0.120 points to trade at 2.000 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 1.72% or 0.040 points to end at 2.290 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.30% or 0.013 points to 0.987.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 4.12% to 1.0100, Emirates Ins C (AD: EIC ) which was up 2.90% to settle at 7.10 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which gained 1.75% to close at 0.580.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 9.09% to 2.60 in late trade, Gulf Medical Projects Co PSC (AD: GMPC ) which lost 5.26% to settle at 1.80 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.67% to 0.5900 at the close.

Advancing stocks outnumbered falling ones by 19 to 13 and 5 ended unchanged; on the Abu Dhabi, 14 rose and 7 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.25% or 0.82 to $64.92 a barrel. Meanwhile, Brent oil for delivery in August fell 1.05% or 0.80 to hit $75.66 a barrel, while the August Gold Futures contract fell 0.25% or 3.30 to trade at $1299.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.10% to 4.3278.

The US Dollar Index Futures was up 0.11% at 93.65.

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