United Arab Emirates shares mixed at close of trade; DFM General down 0.56%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.56%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.56%, while the ADX General index climbed 0.05%.

The biggest gainers of the session on the DFM General were Dubai National Insurance (DU: DNIN ), which rose 12.22% or 0.330 points to trade at 3.030 at the close. SHUAA Capital PSC (DU: SHUA ) added 3.33% or 0.040 points to end at 1.240 and Islamic Arab Insurance Company (DU: SALAMA ) was up 2.84% or 0.013 points to 0.470 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 2.14% or 0.01 points to trade at 0.69 in late trade. Union Properties PJSC (DU: UPRO ) declined 2.00% or 0.018 points to end at 0.880 and Takaful House (DU: DTKF ) shed 1.80% or 0.020 points to 1.090.

The top performers on the ADX General were Dana Gas (AD: DANA ) which rose 8.06% to 0.670, Rak Cement Co (AD: RKCC ) which was up 4.11% to settle at 0.760 and Sharjah Islami (AD: SIB ) which gained 2.27% to close at 1.350.

The worst performers were Commercial Bank International (AD: CBI ) which was down 7.02% to 1.060 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 5.88% to settle at 0.480 and Gulf Cement Co (AD: GCEM ) which was down 5.61% to 1.0100 at the close.

Declining stocks outnumbered rising ones by 20 to 14 and 6 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 13 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.29% or 0.14 to $48.80 a barrel. Meanwhile, Brent oil for delivery in October fell 0.08% or 0.04 to hit $52.68 a barrel, while the December Gold Futures contract rose 0.14% or 1.79 to trade at $1293.39 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.04% to 4.3220.

The US Dollar Index Futures was down 0.07% at 93.29.

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