United Arab Emirates shares mixed at close of trade; DFM General down 0.07%

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United Arab Emirates shares mixed at close of trade; DFM General down 0.07%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Insurance , Transport and Services sectors propelled shares higher while losses in the Consumer Staples , Finance & Investment and Banking sectors led shares lower.

At the close in Dubai, the DFM General declined 0.07%, while the ADX General index added 0.11%.

The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU: SALAMA ), which rose 6.07% or 0.032 points to trade at 0.559 at the close. Mashreqbank PSC (DU: MASB ) added 4.82% or 3.40 points to end at 73.90 and Deyaar Development PJSC (DU: DEYR ) was up 3.48% or 0.018 points to 0.535 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 2.28% or 0.018 points to trade at 0.771 in late trade. Dubai Islamic Bank (DU: DISB ) declined 0.81% or 0.050 points to end at 6.130 and Dubai Investments PJSC (DU: DINV ) shed 0.80% or 0.020 points to 2.480.

The top performers on the ADX General were Finance House (AD: FH ) which rose 12.50% to 1.800, Gulf Cement Co (AD: GCEM ) which was up 4.00% to settle at 1.0400 and Aldar Properti (AD: ALDR ) which gained 2.88% to close at 2.500.

The worst performers were Arkan Building Materials Co PJSC (AD: ARKN ) which was down 5.56% to 0.6800 in late trade, Al Khaleej Investment Co PJSC (AD: KICO ) which lost 5.41% to settle at 3.50 and Rak Cement Co (AD: RKCC ) which was down 3.85% to 0.750 at the close.

Advancing stocks outnumbered falling ones by 20 to 10 and 7 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.62% or 0.32 to $51.77 a barrel. Meanwhile, Brent oil for delivery in December rose 1.01% or 0.58 to hit $57.75 a barrel, while the December Gold Futures contract rose 0.12% or 1.56 to trade at $1306.16 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.04% to 4.3406.

The US Dollar Index Futures was up 0.06% at 92.98.

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