United Arab Emirates shares mixed at close of trade; DFM General down 0.17%

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

At the close in Dubai, the DFM General fell 0.17% to hit a new 6-month low, while the ADX General index added 0.56%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 3.40% or 0.026 points to trade at 0.790 at the close. Marka Pjse (DU: MARKA ) added 2.26% or 0.01 points to end at 0.54 and Emaar Development PJSC (DU: EMAARDEV ) was up 1.78% or 0.100 points to 5.710 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 9.99% or 0.088 points to trade at 0.793 in late trade. Dubai Investments PJSC (DU: DINV ) declined 2.13% or 0.050 points to end at 2.300 and Amlak Finance PJSC (DU: AMLK ) shed 2.10% or 0.020 points to 0.933.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 14.29% to 1.360, Ad Natl Energy (AD: TAQA ) which was up 11.86% to settle at 0.660 and Ad Shipbldg Co (AD: ADSB ) which gained 10.33% to close at 2.030.

The worst performers were Commercial Bank International (AD: CBI ) which was down 9.62% to 0.940 in late trade, National Bank of Fujairah PJSC (AD: NBF ) which lost 8.64% to settle at 3.70 and Al Khazna Ins (AD: AKIC ) which was down 3.57% to 0.270 at the close.

Declining stocks outnumbered rising ones by 16 to 13 and 11 ended unchanged; on the Abu Dhabi, 15 rose and 5 declined, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was up 1.76% or 1.04 to $60.24 a barrel. Meanwhile, Brent oil for delivery in April rose 1.43% or 0.90 to hit $63.69 a barrel, while the April Gold Futures contract rose 0.51% or 6.70 to trade at $1322.40 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.30% to 4.5073.

The US Dollar Index Futures was down 0.17% at 90.07.