United Arab Emirates shares higher at close of trade; DFM General up 1.59%

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United Arab Emirates shares higher at close of trade; DFM General up 1.59%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 1.59% to hit a new 1-month high, while the ADX General index climbed 0.24%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 7.69% or 0.300 points to trade at 4.200 at the close. ARAMEX PJSC (DU: ARMX ) added 6.58% or 0.250 points to end at 4.050 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 5.99% or 0.039 points to 0.690 in late trade.

Biggest losers included Oman Insurance Company P.S.C. (DU: OIC ), which lost 7.69% or 0.150 points to trade at 1.800 in late trade. National General Insurance Co PSC (DU: NGIN ) declined 4.55% or 0.10 points to end at 2.10 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 1.66% or 0.007 points to 0.415.

The top performers on the ADX General were Nat Bk Qaiwain (AD: NBQ ) which rose 14.94% to 3.00, Rak Cement Co (AD: RKCC ) which was up 4.35% to settle at 0.720 and Gulf Cement Co (AD: GCEM ) which gained 3.00% to close at 1.0300.

The worst performers were Abu Dhabi National Hotels Co (AD: ADNH ) which was down 9.71% to 2.51 in late trade, Foodco Holding PJSC (AD: FOOD ) which lost 5.78% to settle at 3.75 and Emirates Ins C (AD: EIC ) which was down 1.43% to 6.90 at the close.

Advancing stocks outnumbered falling ones by 28 to 6 and 5 ended unchanged; on the Abu Dhabi, 12 rose and 7 declined, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.56% or 0.37 to $65.44 a barrel. Meanwhile, Brent oil for delivery in August fell 1.11% or 0.85 to hit $75.94 a barrel, while the August Gold Futures contract fell 0.03% or 0.40 to trade at $1298.90 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED rose 0.53% to 4.3062.

The US Dollar Index Futures was down 0.45% at 93.74.

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