United Arab Emirates shares mixed at close of trade; DFM General up 0.53%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.53%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.53% to hit a new 1-month high, while the ADX General index declined 0.13%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU: DEYR ), which rose 2.33% or 0.013 points to trade at 0.570 at the close. Emirates NBD PJSC (DU: ENBD ) added 1.84% or 0.150 points to end at 8.300 and Emaar Properties PJSC (DU: EMAR ) was up 1.67% or 0.120 points to 7.300 in late trade.

Biggest losers included National General Insurance Co PSC (DU: NGIN ), which lost 9.74% or 0.19 points to trade at 1.76 in late trade. Mashreqbank PSC (DU: MASB ) declined 2.66% or 2.05 points to end at 74.90 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.64% or 0.020 points to 1.200.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 14.00% to 0.570, Union Natl Bk (AD: UNB ) which was up 3.09% to settle at 4.000 and Waha Capital (AD: WAHA ) which gained 2.62% to close at 1.960.

The worst performers were United Arab Bk (AD: UAB ) which was down 3.95% to 1.700 in late trade, Rak Cement Co (AD: RKCC ) which lost 2.44% to settle at 0.800 and Invest Bank AD (AD: INVB ) which was down 2.37% to 2.470 at the close.

Advancing stocks outnumbered falling ones by 18 to 15 and 8 ended unchanged; on the Abu Dhabi, 14 rose and 11 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.94% or 0.60 to $64.40 a barrel. Meanwhile, Brent oil for delivery in March rose 0.78% or 0.54 to hit $69.80 a barrel, while the February Gold Futures contract rose 1.19% or 15.80 to trade at $1338.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 1.29% to 4.4763.

The US Dollar Index Futures was down 1.13% at 90.62.

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