United Arab Emirates shares higher at close of trade; DFM General up 2.77%

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United Arab Emirates shares higher at close of trade; DFM General up 2.77%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 2.77% to hit a new 52-week high, while the ADX General index added 0.71%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU: MARKA ), which rose 10.00% or 0.12 points to trade at 1.32 at the close. Union Properties PJSC (DU: UPRO ) added 8.33% or 0.090 points to end at 1.170 and National General Insurance Co PSC (DU: NGIN ) was up 5.71% or 0.10 points to 1.85 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.03% or 0.030 points to trade at 1.450 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 1.86% or 0.030 points to end at 1.580 and ARAMEX PJSC (DU: ARMX ) shed 1.40% or 0.060 points to 4.240.

The top performers on the ADX General were Fujairah Cement Industries Co PSC (AD: FCI ) which rose 8.82% to 1.11, Gulf Pharm Ind (AD: GPHI ) which was up 5.99% to settle at 2.300 and Int Fish Farmi (AD: ASMK ) which gained 4.12% to close at 1.77.

The worst performers were Abu Dhabi National Hotels Co (AD: ADNH ) which was down 9.81% to 2.85 in late trade, Green Crs Ins (AD: GCIC ) which lost 8.47% to settle at 0.540 and Ad Shipbldg Co (AD: ADSB ) which was down 5.32% to 2.490 at the close.

Advancing stocks outnumbered falling ones by 29 to 11 and 2 ended unchanged; on the Abu Dhabi, 17 rose and 11 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 4.41% or 2.27 to $53.77 a barrel. Meanwhile, Brent oil for delivery in February rose 4.14% or 2.25 to hit $56.58 a barrel, while the February Gold contract fell 0.42% or 4.90 to trade at $1157.00 a troy ounce.

USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.39% to 3.8958.

The US Dollar Index was down 0.31% at 101.29.

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