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

  • Investing.com
  • Stock Market News
United Arab Emirates shares mixed at close of trade; DFM General down 0.70%
Credit: © Reuters.

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

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

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 4.21% or 0.080 points to trade at 1.980 at the close. Marka Pjse (DU: MARKA ) added 2.94% or 0.02 points to end at 0.70 and Drake & Scull International PJSC (DU: DSI ) was up 2.49% or 0.050 points to 2.060 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 2.33% or 0.200 points to trade at 8.370 in late trade. Deyaar Development PJSC (DU: DEYR ) declined 2.26% or 0.012 points to end at 0.520 and Union Properties PJSC (DU: UPRO ) shed 1.96% or 0.018 points to 0.901.

The top performers on the ADX General were Rak Ceramics (AD: RKCE ) which rose 4.15% to 2.510, Al Khazna Ins (AD: AKIC ) which was up 3.33% to settle at 0.310 and International Holding Company PJSC (AD: IHC ) which gained 2.10% to close at 1.46.

The worst performers were Al Khaleej Investment Co PJSC (AD: KICO ) which was down 9.92% to 3.45 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 9.78% to settle at 2.030 and Abd Nat Takafu (AD: TKFL ) which was down 9.18% to 4.55 at the close.

Declining stocks outnumbered rising ones by 21 to 13 and 6 ended unchanged; on the Abu Dhabi, 18 fell and 6 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.48% or 0.25 to $52.09 a barrel. Meanwhile, Brent oil for delivery in December rose 0.02% or 0.01 to hit $57.76 a barrel, while the December Gold Futures contract fell 0.22% or 2.86 to trade at $1277.64 a troy ounce.

USD/AED was up 0.01% to 3.6731, while EUR/AED fell 0.30% to 4.3136.

The US Dollar Index Futures was up 0.28% at 93.83.

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