United Arab Emirates shares higher at close of trade; DFM General up 0.24%

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United Arab Emirates shares higher at close of trade; DFM General up 0.24%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Insurance , Finance & Investment and Transport sectors propelled shares higher.

At the close in Dubai, the DFM General rose 0.24%, while the ADX General index climbed 1.39%.

The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU: SALAMA ), which rose 12.04% or 0.068 points to trade at 0.633 at the close. Deyaar Development PJSC (DU: DEYR ) added 5.92% or 0.025 points to end at 0.447 and Gulf General Investments Company (DU: GGIC ) was up 4.51% or 0.012 points to 0.278 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 4.32% or 0.080 points to trade at 1.770 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 1.27% or 0.006 points to end at 0.466 and National Central Cooling Co. (DU: TABR ) shed 1.22% or 0.020 points to 1.620.

The top performers on the ADX General were Natl Bk Of Rak (AD: RAKB ) which rose 6.10% to 4.35, Union Natl Bk (AD: UNB ) which was up 4.82% to settle at 5.000 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 3.23% to close at 14.70.

The worst performers were Ad Natl Energy (AD: TAQA ) which was down 5.83% to 1.130 in late trade, Rak Ceramics (AD: RKCE ) which lost 5.26% to settle at 2.160 and Methaq (AD: METH ) which was down 2.28% to 0.772 at the close.

Advancing stocks outnumbered falling ones by 21 to 16 and 3 ended unchanged; on the Abu Dhabi, 11 rose and 9 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.71% or 0.48 to $68.23 a barrel. Meanwhile, Brent oil for delivery in November rose 0.83% or 0.64 to hit $77.47 a barrel, while the December Gold Futures contract fell 0.10% or 1.20 to trade at $1199.20 a troy ounce.

USD/AED was down 0.00% to 3.6732, while EUR/AED rose 0.14% to 4.2500.

The US Dollar Index Futures was down 0.08% at 95.30.

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