United Arab Emirates shares mixed at close of trade; DFM General up 0.22%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.22%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.22% to hit a new 1-month high, while the ADX General index lost 0.61%.

The biggest gainers of the session on the DFM General were Emaar Malls Group (DU: EMAA ), which rose 2.45% or 0.070 points to trade at 2.930 at the close. Dubai Financial Market PJSC (DU: DFM ) added 1.54% or 0.020 points to end at 1.320 and Emaar Properties PJSC (DU: EMAR ) was up 1.42% or 0.090 points to 6.440 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 5.62% or 0.055 points to trade at 0.923 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 3.48% or 0.070 points to end at 1.940 and Commercial Bank of Dubai P.S.C. (DU: CBD ) shed 2.88% or 0.150 points to 5.050.

The top performers on the ADX General were Finance House (AD: FH ) which rose 4.49% to 1.860, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 4.44% to settle at 0.9400 and Al Khazna Ins (AD: AKIC ) which gained 4.17% to close at 0.500.

The worst performers were Ad Natl Ins Co (AD: ADNI ) which was down 9.09% to 2.000 in late trade, Gulf Cement Co (AD: GCEM ) which lost 6.32% to settle at 0.8900 and Natl Bk Of Ad (AD: NBAD ) which was down 3.38% to 10.00 at the close.

Advancing stocks outnumbered falling ones by 15 to 14 and 6 ended unchanged; on the Abu Dhabi, 13 rose and 10 declined, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.30% or 0.59 to $44.82 a barrel. Meanwhile, Brent oil for delivery in September fell 1.22% or 0.57 to hit $46.19 a barrel, while the August Gold contract rose 0.11% or 1.50 to trade at $1359.90 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.06% to 4.0569.

The US Dollar Index was up 0.32% at 96.62.

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