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

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United Arab Emirates shares mixed at close of trade; DFM General up 0.45%
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 Transport sectors propelled shares higher while losses in the Services , Banking and Insurance sectors led shares lower.

At the close in Dubai, the DFM General added 0.45%, while the ADX General index fell 0.28%.

The biggest gainers of the session on the DFM General were Marka Pjse (DU: MARKA ), which rose 4.78% or 0.03 points to trade at 0.72 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 3.63% or 0.120 points to end at 3.430 and Emaar Malls (DU: EMAA ) was up 2.08% or 0.050 points to 2.450 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 2.02% or 0.070 points to trade at 3.400 in late trade. National Central Cooling Co. (DU: TABR ) declined 1.89% or 0.040 points to end at 2.080 and Emirates NBD PJSC (DU: ENBD ) shed 1.84% or 0.150 points to 8.000.

The top performers on the ADX General were Int Fish Farmi (AD: ASMK ) which rose 4.61% to 1.59, Rak Properties (AD: RPRO ) which was up 1.56% to settle at 0.650 and Emirates Telec (AD: ETEL ) which gained 0.58% to close at 17.45.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.20% to 2.370 in late trade, Rak Cement Co (AD: RKCC ) which lost 3.75% to settle at 0.770 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 3.70% to 0.520 at the close.

Advancing stocks outnumbered falling ones by 14 to 12 and 10 ended unchanged; on the Abu Dhabi, 13 fell and 4 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 1.04% or 0.46 to $43.77 a barrel. Meanwhile, Brent oil for delivery in September fell 0.98% or 0.46 to hit $46.25 a barrel, while the August Gold Futures contract fell 0.16% or 1.96 to trade at $1207.74 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.09% to 4.1834.

The US Dollar Index Futures was up 0.11% at 95.89.

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