United Arab Emirates shares mixed at close of trade; DFM General down 0.70%

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

At the close in Dubai, the DFM General declined 0.70%, while the ADX General index gained 0.01%.

The biggest gainers of the session on the DFM General were Arabian Scandinavian Insurance Co PLC (DU: ASCI ), which rose 14.72% or 0.340 points to trade at 2.650 at the close. Emirates NBD PJSC (DU: ENBD ) added 4.50% or 0.450 points to end at 10.450 and Takaful Emarat PSC (DU: TKFE ) was up 3.17% or 0.060 points to 1.950 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 3.96% or 0.030 points to trade at 0.727 in late trade. Takaful House (DU: DTKF ) declined 3.68% or 0.026 points to end at 0.681 and Emaar Properties PJSC (DU: EMAR ) shed 2.81% or 0.170 points to 5.890.

The top performers on the ADX General were Bank Of Sharja (AD: BOS ) which rose 6.25% to 1.190, Union Cement (AD: UCC ) which was up 5.63% to settle at 1.690 and Al Khazna Ins (AD: AKIC ) which gained 4.00% to close at 0.260.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 9.80% to 2.760 in late trade, Union Insurance Co PSC (AD: UNIN ) which lost 9.59% to settle at 1.32 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 8.62% to 0.530 at the close.

Declining stocks outnumbered rising ones by 25 to 9 and 8 ended unchanged; on the Abu Dhabi, 12 fell and 10 advanced, while 12 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.39% or 0.24 to $61.80 a barrel. Meanwhile, Brent oil for delivery in May fell 0.49% or 0.32 to hit $65.17 a barrel, while the April Gold Futures contract fell 0.51% or 6.80 to trade at $1317.20 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.03% to 4.5209.

The US Dollar Index Futures was down 0.04% at 90.07.