United Arab Emirates shares higher at close of trade; DFM General up 0.14%

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United Arab Emirates shares higher at close of trade; DFM General up 0.14%

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Services , Banking and Consumer Staples sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.14%, while the ADX General index climbed 0.60%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 4.31% or 0.050 points to trade at 1.210 at the close. Emirates NBD PJSC (DU: ENBD ) added 2.37% or 0.220 points to end at 9.500 and Gulf Navigation Holding PJSC (DU: GNAV ) was up 1.98% or 0.018 points to 0.928 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 6.67% or 5.00 points to trade at 70.00 in late trade. Dubai National Insurance (DU: DNIN ) declined 6.25% or 0.200 points to end at 3.000 and Takaful Emarat PSC (DU: TKFE ) shed 4.17% or 0.080 points to 1.840.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 14.67% to 0.860, Agthia Group (AD: AGTH ) which was up 3.16% to settle at 4.90 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 2.46% to close at 14.60.

The worst performers were National Takaful Co PJSC (AD: WATA ) which was down 9.09% to 0.60 in late trade, International Holding Company PJSC (AD: IHC ) which lost 4.03% to settle at 1.19 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 1.82% to 0.5400 at the close.

Declining stocks outnumbered rising ones by 17 to 13 and 8 ended unchanged; on the Abu Dhabi, 12 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was down 0.36% or 0.25 to $68.47 a barrel. Meanwhile, Brent oil for delivery in November fell 0.33% or 0.25 to hit $75.88 a barrel, while the December Gold Futures contract fell 0.19% or 2.30 to trade at $1211.00 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED fell 0.06% to 4.2667.

The US Dollar Index Futures was up 0.02% at 95.10.

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