United Arab Emirates shares higher at close of trade; DFM General up 1.19%

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United Arab Emirates shares higher at close of trade; DFM General up 1.19%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 1.19%, while the ADX General index added 0.70%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 4.27% or 0.050 points to trade at 1.220 at the close. Dubai Financial Market PJSC (DU: DFM ) added 3.91% or 0.050 points to end at 1.330 and Union Properties PJSC (DU: UPRO ) was up 2.75% or 0.030 points to 1.120 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 2.29% or 0.060 points to trade at 2.560 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 1.91% or 0.019 points to end at 0.976 and SHUAA Capital PSC (DU: SHUA ) shed 1.84% or 0.030 points to 1.600.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 10.53% to 0.420, Waha Capital (AD: WAHA ) which was up 2.75% to settle at 2.240 and Aldar Properti (AD: ALDR ) which gained 1.97% to close at 2.590.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 8.42% to 0.870 in late trade, Int Fish Farmi (AD: ASMK ) which lost 6.64% to settle at 2.25 and Rak Ceramics (AD: RKCE ) which was down 4.08% to 2.350 at the close.

Advancing stocks outnumbered falling ones by 20 to 14 and 5 ended unchanged; on the Abu Dhabi, 13 rose and 11 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.35% or 0.19 to $54.02 a barrel. Meanwhile, Brent oil for delivery in April rose 0.05% or 0.03 to hit $56.84 a barrel, while the April Gold Futures contract rose 0.40% or 4.85 to trade at $1225.65 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED fell 0.44% to 3.9442.

The US Dollar Index Futures was up 0.23% at 99.92.

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