United Arab Emirates shares higher at close of trade; DFM General up 0.82%

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United Arab Emirates shares higher at close of trade; DFM General up 0.82%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.82% to hit a new 3-month high, while the ADX General index added 1.14%.

The biggest gainers of the session on the DFM General were Damac Properties Dubai Co PSC (DU: DAMAC ), which rose 3.75% or 0.160 points to trade at 4.430 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 3.36% or 0.015 points to end at 0.462 and Marka Pjse (DU: MARKA ) was up 1.96% or 0.01 points to 0.73 in late trade.

Biggest losers included National General Insurance Co PSC (DU: NGIN ), which lost 9.57% or 0.22 points to trade at 2.08 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.17% or 0.040 points to end at 1.220 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.71% or 0.020 points to 1.150.

The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 2.94% to 1.400, First Abu Dhabi Bank PJSC (AD: FAB ) which was up 2.84% to settle at 10.85 and Ad Natl Ins Co (AD: ADNI ) which gained 1.67% to close at 3.050.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 6.45% to 2.90 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 3.77% to settle at 2.300 and Finance House (AD: FH ) which was down 3.61% to 1.600 at the close.

Advancing stocks outnumbered falling ones by 25 to 10 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.17% or 0.08 to $46.46 a barrel. Meanwhile, Brent oil for delivery in September fell 0.04% or 0.02 to hit $48.89 a barrel, while the August Gold Futures contract rose 0.30% or 3.67 to trade at $1231.17 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.03% to 4.2118.

The US Dollar Index Futures was up 0.05% at 94.95.

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