Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Services, Banking and Telecoms sectors led shares higher.
At the close in Dubai, the DFM General rose 0.11%, while the ADX General index climbed 0.03%.
The best performers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 5.06% or 4.00 points to trade at 83.00 at the close. Meanwhile, Drake & Scull International PJSC (DU:DSI) added 3.54% or 0.020 points to end at 0.585 and Gulf Navigation Holding PJSC (DU:GNAV) was up 3.03% or 0.030 points to 1.020 in late trade.
The worst performers of the session were Dubai Islamic Insurance Co. (DU:AMAN), which fell 2.80% or 0.017 points to trade at 0.590 at the close. Air Arabia PJSC (DU:AIRA) declined 1.57% or 0.020 points to end at 1.250 and SHUAA Capital PSC (DU:SHUA) was down 1.45% or 0.010 points to 0.681.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.63% to 2.96, Ad Islamic Bk (AD:ADIB) which was up 4.35% to settle at 4.32 and Green Crs Ins (AD:GCIC) which gained 2.50% to close at 0.820.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.86% to 5.30 in late trade, Invest Bank AD (AD:INVB) which lost 6.51% to settle at 2.01 and Ad Aviation (AD:ADAV) which was down 6.25% to 2.70 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 17 to 16; on the Abu Dhabi Stock Exchange, 17 fell and 12 advanced, while 4 ended unchanged.
Shares in Gulf Navigation Holding PJSC (DU:GNAV) rose to 52-week highs; up 3.03% or 0.030 to 1.020. Shares in Ad Aviation (AD:ADAV) fell to 52-week lows; down 6.25% or 0.18 to 2.70.
Crude oil for June delivery was down 3.45% or 1.44 to $40.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 3.25% or 1.40 to hit $41.70 a barrel, while the June Gold contract rose 0.36% or 4.50 to trade at $1239.10 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.17% to 4.1533.
The US Dollar Index was down 0.10% at 94.59.