United Arab Emirates shares mixed at close of trade; DFM General up 0.28%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.28%
Credit: © Reuters.

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

At the close in Dubai, the DFM General gained 0.28%, while the ADX General index declined 0.96%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 2.38% or 0.040 points to trade at 1.720 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 1.89% or 0.020 points to end at 1.080 and Arabtec Holding PJSC (DU: ARTC ) was up 1.46% or 0.020 points to 1.390 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 1.95% or 0.013 points to trade at 0.655 in late trade. ARAMEX PJSC (DU: ARMX ) declined 1.82% or 0.060 points to end at 3.230 and Islamic Arab Insurance Company (DU: SALAMA ) shed 1.61% or 0.008 points to 0.488.

The top performers on the ADX General were Ad Aviation (AD: ADAV ) which rose 10.34% to 3.200, Natl Bk Of Ad (AD: NBAD ) which was up 4.35% to settle at 9.60 and Int Fish Farmi (AD: ASMK ) which gained 3.87% to close at 1.61.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 5.96% to 2.680 in late trade, Gulf Medical Projects Co PSC (AD: GMPC ) which lost 4.94% to settle at 2.31 and Ad Islamic Bk (AD: ADIB ) which was down 4.36% to 3.730 at the close.

Advancing stocks outnumbered falling ones by 15 to 14 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.75% or 0.85 to $49.41 a barrel. Meanwhile, Brent oil for delivery in August rose 1.89% or 0.93 to hit $50.10 a barrel, while the August Gold contract fell 1.05% or 13.65 to trade at $1281.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.42% to 4.1592.

The US Dollar Index was down 0.53% at 93.80.

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