United Arab Emirates shares mixed at close of trade; DFM General down 0.45%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.45%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.45%, while the ADX General index climbed 0.87%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 1.80% or 0.008 points to trade at 0.453 at the close. Takaful House (DU: DTKF ) added 1.72% or 0.020 points to end at 1.180 and Emaar Properties PJSC (DU: EMAR ) was up 0.14% or 0.010 points to 7.300 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 3.38% or 0.050 points to trade at 1.430 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 3.01% or 0.040 points to end at 1.290 and Union Properties PJSC (DU: UPRO ) shed 2.56% or 0.025 points to 0.951.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 14.71% to 2.340, Em Driving Co (AD: DRIV ) which was up 3.03% to settle at 8.50 and Aldar Properti (AD: ALDR ) which gained 3.00% to close at 2.400.

The worst performers were Invest Bank AD (AD: INVB ) which was down 10.00% to 2.070 in late trade, Commercial Bank International (AD: CBI ) which lost 9.09% to settle at 1.800 and Int Fish Farmi (AD: ASMK ) which was down 4.50% to 1.91 at the close.

Declining stocks outnumbered rising ones by 23 to 7 and 4 ended unchanged; on the Abu Dhabi, 15 fell and 11 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 1.12% or 0.55 to $48.76 a barrel. Meanwhile, Brent oil for delivery in May fell 0.89% or 0.46 to hit $51.30 a barrel, while the April Gold Futures contract rose 0.15% or 1.85 to trade at $1232.05 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.22% to 3.9523.

The US Dollar Index Futures was down 0.12% at 100.02.

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