United Arab Emirates shares higher at close of trade; DFM General up 1.16%

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United Arab Emirates shares higher at close of trade; DFM General up 1.16%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 1.16% to hit a new 1-month high, while the ADX General index climbed 0.28%.

The biggest gainers of the session on the DFM General were Emaar Properties PJSC (DU: EMAR ), which rose 3.03% or 0.230 points to trade at 7.830 at the close. Dubai Financial Market PJSC (DU: DFM ) added 2.63% or 0.030 points to end at 1.170 and Drake & Scull International PJSC (DU: DSI ) was up 2.37% or 0.010 points to 0.432 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 0.92% or 0.010 points to trade at 1.080 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 0.90% or 0.004 points to end at 0.439 and Amanat Holdings PJSC (DU: AMANT ) shed 0.88% or 0.010 points to 1.130.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 13.89% to 0.410, Union Cement (AD: UCC ) which was up 7.50% to settle at 1.290 and Gulf Cement Co (AD: GCEM ) which gained 6.59% to close at 0.9700.

The worst performers were Fujairah Cement Industries Co PSC (AD: FCI ) which was down 6.73% to 0.970 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 2.50% to settle at 3.12 and Gulf Pharm Ind (AD: GPHI ) which was down 2.17% to 2.250 at the close.

Declining stocks outnumbered rising ones by 16 to 15 and 7 ended unchanged; on the Abu Dhabi, 13 rose and 10 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 1.51% or 0.69 to $46.52 a barrel. Meanwhile, Brent oil for delivery in August rose 1.66% or 0.80 to hit $48.95 a barrel, while the August Gold Futures contract fell 0.00% or 0.03 to trade at $1271.37 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.19% to 4.1207.

The US Dollar Index Futures was down 0.16% at 97.08.

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