United Arab Emirates shares mixed at close of trade; DFM General up 0.41%

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United Arab Emirates shares mixed at close of trade; DFM General up 0.41%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.41%, while the ADX General index declined 0.21%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 14.59% or 0.270 points to trade at 2.120 at the close. Takaful Emarat PSC (DU: TKFE ) added 7.21% or 0.160 points to end at 2.380 and Gulf General Investments Company (DU: GGIC ) was up 2.06% or 0.008 points to 0.396 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 3.23% or 0.100 points to trade at 3.000 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 2.17% or 0.030 points to end at 1.350 and Dubai Financial Market PJSC (DU: DFM ) shed 1.68% or 0.020 points to 1.170.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 3.26% to 0.9500, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 2.94% to settle at 0.7000 and Union Natl Bk (AD: UNB ) which gained 2.81% to close at 4.750.

The worst performers were Commercial Bank International (AD: CBI ) which was down 6.67% to 1.120 in late trade, Rak Cement Co (AD: RKCC ) which lost 5.88% to settle at 0.800 and Dana Gas (AD: DANA ) which was down 2.86% to 0.680 at the close.

Declining stocks outnumbered rising ones by 18 to 13 and 8 ended unchanged; on the Abu Dhabi, 11 rose and 8 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.49% or 0.22 to $45.19 a barrel. Meanwhile, Brent oil for delivery in August rose 0.53% or 0.25 to hit $47.62 a barrel, while the August Gold Futures contract fell 0.31% or 3.91 to trade at $1252.59 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.09% to 4.1157.

The US Dollar Index Futures was down 0.11% at 96.76.

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