United Arab Emirates shares mixed at close of trade; DFM General up 0.78%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.78%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.78% to hit a new 1-month high, while the ADX General index lost 0.85%.

The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU: SALAMA ), which rose 3.76% or 0.016 points to trade at 0.441 at the close. Takaful House (DU: DTKF ) added 3.40% or 0.022 points to end at 0.669 and Arabtec Holding PJSC (DU: ARTC ) was up 3.08% or 0.060 points to 2.010 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 4.12% or 0.028 points to trade at 0.651 in late trade. Emaar Development PJSC (DU: EMAARDEV ) declined 3.40% or 0.180 points to end at 5.120 and Air Arabia PJSC (DU: AIRA ) shed 2.59% or 0.030 points to 1.130.

The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 10.53% to 0.63, Gulf Pharm Ind (AD: GPHI ) which was up 9.52% to settle at 2.300 and Methaq (AD: METH ) which gained 3.90% to close at 0.800.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 10.00% to 2.61 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 9.76% to settle at 2.960 and Ad Natl Energy (AD: TAQA ) which was down 8.00% to 1.150 at the close.

Advancing stocks outnumbered falling ones by 21 to 11 and 6 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 1.97% or 1.32 to $65.72 a barrel. Meanwhile, Brent oil for delivery in August fell 1.22% or 0.95 to hit $76.61 a barrel, while the August Gold Futures contract unchanged 0.00% or 0.00 to trade at $1299.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.30% to 4.2833.

The US Dollar Index Futures was up 0.22% at 94.16.

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