United Arab Emirates shares mixed at close of trade; DFM General down 0.57%

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.57%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.57% to hit a new 52-week low, while the ADX General index climbed 0.23%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 3.59% or 0.009 points to trade at 0.260 at the close. Emirates NBD PJSC (DU: ENBD ) added 1.44% or 0.150 points to end at 10.550 and Islamic Arab Insurance Company (DU: SALAMA ) was up 0.99% or 0.004 points to 0.410 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 9.57% or 0.180 points to trade at 1.700 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 7.05% or 0.210 points to end at 2.770 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 3.60% or 0.025 points to 0.670.

The top performers on the ADX General were Ad Natl Energy (AD: TAQA ) which rose 14.63% to 1.410, Union Insurance Co PSC (AD: UNIN ) which was up 14.29% to settle at 1.44 and Al Khazna Ins (AD: AKIC ) which gained 4.17% to close at 0.250.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 9.09% to 2.70 in late trade, Em Driving Co (AD: DRIV ) which lost 6.98% to settle at 8.00 and National Marine Dredging PSC (AD: NMDC ) which was down 5.88% to 3.200 at the close.

Declining stocks outnumbered rising ones by 22 to 9 and 8 ended unchanged; on the Abu Dhabi, 11 fell and 7 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.38% or 0.26 to $68.14 a barrel. Meanwhile, Brent oil for delivery in June fell 0.09% or 0.07 to hit $73.99 a barrel, while the June Gold Futures contract fell 0.62% or 8.30 to trade at $1330.00 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.49% to 4.4920.

The US Dollar Index Futures was up 0.44% at 90.48.

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