United Arab Emirates shares mixed at close of trade; DFM General up 0.11%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.11%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.11%, while the ADX General index lost 0.41%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 5.56% or 0.080 points to trade at 1.520 at the close. Amanat Holdings PJSC (DU: AMANT ) added 1.82% or 0.020 points to end at 1.120 and Emaar Malls (DU: EMAA ) was up 1.56% or 0.040 points to 2.600 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 5.18% or 0.041 points to trade at 0.751 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 3.83% or 0.014 points to end at 0.352 and Takaful Emarat PSC (DU: TKFE ) shed 3.46% or 0.080 points to 2.230.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 8.33% to 2.600, Ad Shipbldg Co (AD: ADSB ) which was up 2.27% to settle at 2.700 and Waha Capital (AD: WAHA ) which gained 0.57% to close at 1.760.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 9.26% to 2.45 in late trade, Gulf Cement Co (AD: GCEM ) which lost 5.10% to settle at 0.9300 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 5.08% to 0.560 at the close.

Advancing stocks outnumbered falling ones by 17 to 16 and 5 ended unchanged; on the Abu Dhabi, 20 fell and 5 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was up 0.77% or 0.39 to $51.06 a barrel. Meanwhile, Brent oil for delivery in July rose 0.76% or 0.41 to hit $54.02 a barrel, while the June Gold Futures contract rose 0.17% or 2.17 to trade at $1255.77 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.20% to 4.1248.

The US Dollar Index Futures was down 0.07% at 96.93.

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