United Arab Emirates shares higher at close of trade; DFM General up 0.55%

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United Arab Emirates shares higher at close of trade; DFM General up 0.55%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.55%, while the ADX General index gained 1.43%.

The biggest gainers of the session on the DFM General were Dubai Investments PJSC (DU: DINV ), which rose 5.22% or 0.120 points to trade at 2.420 at the close. Mashreqbank PSC (DU: MASB ) added 4.55% or 3.00 points to end at 69.00 and Amanat Holdings PJSC (DU: AMANT ) was up 3.17% or 0.040 points to 1.300 in late trade.

Biggest losers included Emirates NBD PJSC (DU: ENBD ), which lost 2.44% or 0.200 points to trade at 8.000 in late trade. Gulf Navigation Holding PJSC (DU: GNAV ) declined 2.24% or 0.030 points to end at 1.310 and Islamic Arab Insurance Company (DU: SALAMA ) shed 2.15% or 0.011 points to 0.501.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 11.16% to 2.390, Emirates Ins C (AD: EIC ) which was up 8.33% to settle at 6.50 and Emirates Telec (AD: ETEL ) which gained 3.01% to close at 17.10.

The worst performers were Al Khaleej Investment Co PJSC (AD: KICO ) which was down 7.14% to 2.60 in late trade, Ad Natl Ins Co (AD: ADNI ) which lost 5.00% to settle at 3.800 and Methaq (AD: METH ) which was down 1.33% to 0.740 at the close.

Advancing stocks outnumbered falling ones by 19 to 16 and 7 ended unchanged; on the Abu Dhabi, 10 rose and 5 declined, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.42% or 0.24 to $57.12 a barrel. Meanwhile, Brent oil for delivery in February fell 0.14% or 0.09 to hit $63.31 a barrel, while the February Gold Futures contract rose 0.31% or 3.90 to trade at $1252.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED unchanged 0.00% to 4.3212.

The US Dollar Index Futures was down 0.06% at 93.78.

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