United Arab Emirates shares mixed at close of trade; DFM General down 0.36%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.36%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.36% to hit a new 52-week low, while the ADX General index gained 0.78%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 3.39% or 0.023 points to trade at 0.701 at the close. Air Arabia PJSC (DU: AIRA ) added 2.59% or 0.030 points to end at 1.190 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 2.00% or 0.014 points to 0.714 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 3.73% or 0.050 points to trade at 1.290 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 2.67% or 0.014 points to end at 0.510 and Arabtec Holding PJSC (DU: ARTC ) shed 2.60% or 0.060 points to 2.250.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 3.92% to 1.0600, Ad Natl Energy (AD: TAQA ) which was up 3.90% to settle at 0.800 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 2.58% to close at 11.95.

The worst performers were Rak Properties (AD: RPRO ) which was down 8.97% to 0.710 in late trade, United Arab Bk (AD: UAB ) which lost 6.25% to settle at 1.350 and Agthia Group (AD: AGTH ) which was down 3.18% to 4.26 at the close.

Declining stocks outnumbered rising ones by 18 to 11 and 10 ended unchanged; on the Abu Dhabi, 11 rose and 9 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.15% or 0.10 to $65.78 a barrel. Meanwhile, Brent oil for delivery in June fell 0.01% or 0.01 to hit $69.80 a barrel, while the April Gold Futures contract fell 0.12% or 1.60 to trade at $1348.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6731, while EUR/AED rose 0.51% to 4.5605.

The US Dollar Index Futures was down 0.34% at 88.80.

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