United Arab Emirates shares higher at close of trade; DFM General up 0.98%

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United Arab Emirates shares higher at close of trade; DFM General up 0.98%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 0.98% to hit a new 6-month high, while the ADX General index gained 0.73%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 3.79% or 0.050 points to trade at 1.370 at the close. Damac Properties Dubai Co PSC (DU: DAMAC ) added 3.36% or 0.080 points to end at 2.460 and Dubai Investments PJSC (DU: DINV ) was up 2.80% or 0.060 points to 2.200 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.85% or 0.110 points to trade at 2.750 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 3.70% or 0.020 points to end at 0.520 and National Central Cooling Co. (DU: TABR ) shed 1.89% or 0.030 points to 1.560.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 10.86% to 4.900, Finance House (AD: FH ) which was up 4.52% to settle at 1.850 and Gulf Cement Co (AD: GCEM ) which gained 3.45% to close at 0.9000.

The worst performers were Abd Nat Takafu (AD: TKFL ) which was down 9.66% to 4.30 in late trade, Int Fish Farmi (AD: ASMK ) which lost 3.87% to settle at 1.49 and Gulf Pharm Ind (AD: GPHI ) which was down 2.67% to 2.190 at the close.

Advancing stocks outnumbered falling ones by 20 to 11 and 3 ended unchanged; on the Abu Dhabi, 14 rose and 9 declined, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.54% or 0.24 to $44.73 a barrel. Meanwhile, Brent oil for delivery in October rose 0.43% or 0.20 to hit $47.17 a barrel, while the December Gold contract rose 0.11% or 1.45 to trade at $1344.65 a troy ounce.

USD/AED was down 0.01% to 3.6725, while EUR/AED rose 0.04% to 4.1025.

The US Dollar Index was down 0.07% at 95.61.

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