United Arab Emirates shares higher at close of trade; DFM General up 1.37%

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United Arab Emirates shares higher at close of trade; DFM General up 1.37%
Credit: © Reuters.

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

At the close in Dubai, the DFM General added 1.37%, while the ADX General index added 0.38%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 5.38% or 0.100 points to trade at 1.960 at the close. Dubai Financial Market PJSC (DU: DFM ) added 4.00% or 0.050 points to end at 1.300 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 3.96% or 0.040 points to 1.050 in late trade.

Biggest losers included National Cement Company P.S.C. (DU: NCC ), which lost 9.83% or 0.350 points to trade at 3.210 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 0.75% or 0.010 points to end at 1.320 and ARAMEX PJSC (DU: ARMX ) shed 0.20% or 0.010 points to 5.070.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD: NBF ) which rose 15.00% to 3.45, Ad Natl Energy (AD: TAQA ) which was up 9.62% to settle at 0.570 and Sharjah Cement AD (AD: SCID ) which gained 5.94% to close at 1.070.

The worst performers were Ad Natl Ins Co (AD: ADNI ) which was down 9.66% to 2.900 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 4.46% to settle at 3.00 and Waha Capital (AD: WAHA ) which was down 3.06% to 1.900 at the close.

Advancing stocks outnumbered falling ones by 27 to 7 and 3 ended unchanged; on the Abu Dhabi, 11 rose and 9 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.06% or 0.03 to $50.63 a barrel. Meanwhile, Brent oil for delivery in June fell 0.06% or 0.03 to hit $53.50 a barrel, while the June Gold Futures contract fell 0.32% or 4.05 to trade at $1247.15 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.07% to 3.9124.

The US Dollar Index Futures was up 0.06% at 100.48.

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