United Arab Emirates shares higher at close of trade; DFM General up 0.08%

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United Arab Emirates shares higher at close of trade; DFM General up 0.08%
Credit: © Reuters.

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

At the close in Dubai, the DFM General rose 0.08%, while the ADX General index added 0.12%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 3.22% or 0.140 points to trade at 4.490 at the close. Drake & Scull International PJSC (DU: DSI ) added 1.98% or 0.008 points to end at 0.413 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 1.32% or 0.010 points to 0.766 in late trade.

Biggest losers included AJMAN BANK PJSC (DU: AJBNK ), which lost 3.20% or 0.040 points to trade at 1.210 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 2.48% or 0.030 points to end at 1.180 and SHUAA Capital PSC (DU: SHUA ) shed 2.16% or 0.030 points to 1.360.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 12.77% to 1.060, Al Khazna Ins (AD: AKIC ) which was up 2.70% to settle at 0.380 and Agthia Group (AD: AGTH ) which gained 1.74% to close at 5.27.

The worst performers were Sharjah Cement AD (AD: SCID ) which was down 9.17% to 0.990 in late trade, Sharjah Islami (AD: SIB ) which lost 4.23% to settle at 1.360 and Ad Aviation (AD: ADAV ) which was down 3.70% to 2.600 at the close.

Declining stocks outnumbered rising ones by 17 to 17 and 2 ended unchanged; on the Abu Dhabi, 10 fell and 9 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.85% or 0.39 to $46.16 a barrel. Meanwhile, Brent oil for delivery in September rose 0.96% or 0.46 to hit $48.52 a barrel, while the August Gold Futures contract rose 0.16% or 2.04 to trade at $1256.94 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.13% to 4.2784.

The US Dollar Index Futures was down 0.01% at 93.77.

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