United Arab Emirates shares higher at close of trade; DFM General up 0.11%

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Services , Banking and Telecoms sectors propelled shares higher.

At the close in Dubai, the DFM General gained 0.11%, while the ADX General index climbed 0.03%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 5.06% or 4.00 points to trade at 83.00 at the close. Drake & Scull International PJSC (DU: DSI ) added 3.54% or 0.020 points to end at 0.585 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 3.03% or 0.030 points to 1.020 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 2.80% or 0.017 points to trade at 0.590 in late trade. Air Arabia PJSC (DU: AIRA ) declined 1.57% or 0.020 points to end at 1.250 and SHUAA Capital PSC (DU: SHUA ) shed 1.45% or 0.010 points to 0.681.

The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 9.63% to 2.96, Ad Islamic Bk (AD: ADIB ) which was up 4.35% to settle at 4.32 and Green Crs Ins (AD: GCIC ) which gained 2.50% to close at 0.820.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 9.86% to 5.30 in late trade, Invest Bank AD (AD: INVB ) which lost 6.51% to settle at 2.01 and Ad Aviation (AD: ADAV ) which was down 6.25% to 2.70 at the close.

Advancing stocks outnumbered falling ones by 17 to 16; on the Abu Dhabi, 17 fell and 12 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 3.38% or 1.41 to $40.30 a barrel. Meanwhile, Brent oil for delivery in June fell 3.20% or 1.38 to hit $41.72 a barrel, while the June Gold contract rose 0.36% or 4.50 to trade at $1239.10 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.17% to 4.1533.

The US Dollar Index was down 0.10% at 94.59.