United Arab Emirates shares higher at close of trade; DFM General up 0.36%

Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Real Estate & Construction , Banking and Insurance sectors propelled shares higher.

At the close in Dubai, the DFM General added 0.36%, while the ADX General index added 1.35%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 2.15% or 0.015 points to trade at 0.714 at the close. Amlak Finance PJSC (DU: AMLK ) added 1.95% or 0.016 points to end at 0.836 and Union Properties PJSC (DU: UPRO ) was up 1.76% or 0.015 points to 0.866 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 2.71% or 0.008 points to trade at 0.287 in late trade. Dubai Investments PJSC (DU: DINV ) declined 1.90% or 0.040 points to end at 2.070 and Emaar Malls (DU: EMAA ) shed 1.87% or 0.040 points to 2.100.

The top performers on the ADX General were Eshraq Properties Co PJSC (AD: ESHR ) which rose 4.11% to 0.7600, Gulf Cement Co (AD: GCEM ) which was up 3.85% to settle at 1.0800 and Ad Natl Energy (AD: TAQA ) which gained 3.33% to close at 0.930.

The worst performers were Commercial Bank International (AD: CBI ) which was down 9.20% to 0.790 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 5.71% to settle at 3.300 and Al Khazna Ins (AD: AKIC ) which was down 4.17% to 0.230 at the close.

Advancing stocks outnumbered falling ones by 25 to 8 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.27% or 0.17 to $62.23 a barrel. Meanwhile, Brent oil for delivery in June rose 0.58% or 0.39 to hit $67.50 a barrel, while the June Gold Futures contract fell 0.37% or 5.00 to trade at $1331.10 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.05% to 4.5080.

The US Dollar Index Futures was up 0.11% at 89.92.