United Arab Emirates shares mixed at close of trade; DFM General down 0.07%

  • Investing.com
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United Arab Emirates shares mixed at close of trade; DFM General down 0.07%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Finance & Investment , Transport and Services sectors propelled shares higher while losses in the Consumer Staples , Insurance and Banking sectors led shares lower.

At the close in Dubai, the DFM General declined 0.07%, while the ADX General index gained 0.23%.

The biggest gainers of the session on the DFM General were Dubai Insurance Co PSC (DU: DINC ), which rose 5.88% or 0.200 points to trade at 3.600 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 0.98% or 0.010 points to end at 1.030 and Dubai Financial Market PJSC (DU: DFM ) was up 0.94% or 0.010 points to 1.070 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 3.22% or 0.022 points to trade at 0.662 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 3.03% or 0.014 points to end at 0.448 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 2.56% or 0.011 points to 0.419.

The top performers on the ADX General were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which rose 14.37% to 1.83, Nat Bk Qaiwain (AD: NBQ ) which was up 9.02% to settle at 2.90 and Gulf Cement Co (AD: GCEM ) which gained 7.61% to close at 0.9900.

The worst performers were Invest Bank AD (AD: INVB ) which was down 5.14% to 2.400 in late trade, International Holding Company PJSC (AD: IHC ) which lost 1.45% to settle at 1.36 and Sharjah Cement AD (AD: SCID ) which was unchanged 0.00% to 1.000 at the close.

Declining stocks outnumbered rising ones by 21 to 15 and 1 ended unchanged; on the Abu Dhabi, 10 rose and 5 declined, while 13 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.83% or 1.24 to $66.64 a barrel. Meanwhile, Brent oil for delivery in August fell 1.56% or 1.19 to hit $75.28 a barrel, while the June Gold Futures contract fell 0.49% or 6.40 to trade at $1297.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.00% to 4.2785.

The US Dollar Index Futures was up 0.01% at 94.22.

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