United Arab Emirates shares mixed at close of trade; DFM General down 0.35%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.35%

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

At the close in Dubai, the DFM General lost 0.35%, while the ADX General index gained 0.03%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 10.55% or 0.067 points to trade at 0.702 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 7.97% or 0.076 points to end at 1.030 and Takaful House (DU: DTKF ) was up 5.80% or 0.036 points to 0.657 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 6.67% or 0.090 points to trade at 1.260 in late trade. Gulf General Investments Company (DU: GGIC ) declined 1.84% or 0.005 points to end at 0.267 and Damac Properties Dubai Co PSC (DU: DAMAC ) shed 1.39% or 0.030 points to 2.130.

The top performers on the ADX General were Finance House (AD: FH ) which rose 5.88% to 1.800, Gulf Cement Co (AD: GCEM ) which was up 5.10% to settle at 1.0300 and Ad Natl Energy (AD: TAQA ) which gained 4.35% to close at 1.200.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.33% to 0.5800 in late trade, Methaq (AD: METH ) which lost 2.53% to settle at 0.770 and Waha Capital (AD: WAHA ) which was down 2.22% to 1.760 at the close.

Advancing stocks outnumbered falling ones by 21 to 12 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.04% or 0.03 to $73.83 a barrel. Meanwhile, Brent oil for delivery in September rose 0.96% or 0.74 to hit $77.85 a barrel, while the August Gold Futures contract rose 0.81% or 10.20 to trade at $1266.00 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.23% to 4.3246.

The US Dollar Index Futures was down 0.27% at 93.51.

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