United Arab Emirates shares higher at close of trade; DFM General up 0.67%
Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Services , Real Estate & Construction and Transport sectors propelled shares higher.
At the close in Dubai, the DFM General rose 0.67%, while the ADX General index climbed 1.08%.
The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 2.86% or 0.050 points to trade at 1.800 at the close. Emaar Properties PJSC (DU: EMAR ) added 2.77% or 0.140 points to end at 5.200 and Gulf General Investments Company (DU: GGIC ) was up 2.50% or 0.007 points to 0.287 in late trade.
Biggest losers included Takaful House (DU: DTKF ), which lost 4.97% or 0.044 points to trade at 0.841 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 3.82% or 0.029 points to end at 0.730 and Islamic Arab Insurance Company (DU: SALAMA ) shed 3.53% or 0.015 points to 0.410.
The top performers on the ADX General were Ad Shipbldg Co (AD: ADSB ) which rose 4.89% to 1.930, Rak Cement Co (AD: RKCC ) which was up 2.67% to settle at 0.770 and First Abu Dhabi Bank PJSC (AD: FAB ) which gained 1.98% to close at 12.85.
The worst performers were Gulf Pharm Ind (AD: GPHI ) which was down 6.52% to 2.150 in late trade, Methaq (AD: METH ) which lost 4.88% to settle at 0.780 and Ad Natl Energy (AD: TAQA ) which was down 2.44% to 1.200 at the close.
Advancing stocks outnumbered falling ones by 18 to 16 and 6 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 7 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 1.96% or 1.37 to $68.58 a barrel. Meanwhile, Brent oil for delivery in September fell 2.24% or 1.69 to hit $73.64 a barrel, while the August Gold Futures contract rose 0.30% or 3.70 to trade at $1244.90 a troy ounce.
USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.32% to 4.3055.
The US Dollar Index Futures was down 0.26% at 94.19.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or