United Arab Emirates shares higher at close of trade; DFM General up 0.31%

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United Arab Emirates shares higher at close of trade; DFM General up 0.31%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.31%, while the ADX General index added 0.58%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 7.00% or 0.031 points to trade at 0.474 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 3.33% or 0.018 points to end at 0.559 and Dubai Islamic Bank (DU: DISB ) was up 2.13% or 0.110 points to 5.280 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 9.48% or 0.11 points to trade at 1.05 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 1.36% or 0.012 points to end at 0.870 and Amanat Holdings PJSC (DU: AMANT ) shed 1.19% or 0.010 points to 0.830.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 14.29% to 0.400, First Gulf Bk (AD: FGB ) which was up 2.22% to settle at 11.50 and Natl Bk Of Ad (AD: NBAD ) which gained 0.69% to close at 8.81.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 3.57% to 0.540 in late trade, Rak Ceramics (AD: RKCE ) which lost 1.41% to settle at 2.800 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.33% to 0.7400 at the close.

Advancing stocks outnumbered falling ones by 16 to 12 and 9 ended unchanged; on the Abu Dhabi, 12 fell and 5 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.70% or 0.35 to $50.16 a barrel. Meanwhile, Brent oil for delivery in December rose 0.92% or 0.48 to hit $52.41 a barrel, while the December Gold contract rose 0.97% or 12.15 to trade at $1264.05 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.33% to 4.1018.

The US Dollar Index was up 0.24% at 96.75.

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