Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Consumer Staples, Finance & Investment and Banking sectors led shares higher.
At the close in Dubai, the DFM General rose 2.00% to hit a new 1-month high, while the ADX General index gained 0.29%.
The best performers of the session on the DFM General were Union Properties PJSC (DU:UPRO), which rose 5.00% or 0.060 points to trade at 1.260 at the close. Meanwhile, Mashreqbank PSC (DU:MASB) added 4.35% or 5.00 points to end at 120.00 and Emirates NBD PJSC (DU:ENBD) was up 4.21% or 0.410 points to 10.150 in late trade.
The worst performers of the session were ARAMEX PJSC (DU:ARMX), which fell 0.86% or 0.030 points to trade at 3.480 at the close. Drake & Scull International PJSC (DU:DSI) declined 0.82% or 0.007 points to end at 0.843 and Takaful Emarat PSC (DU:TKFE) was down 0.54% or 0.010 points to 1.840.
The top performers on the ADX General were Sharjah Islami (AD:SIB) which rose 2.34% to 1.75, Rak Cement Co (AD:RKCC) which was up 2.27% to settle at 0.900 and Natl Co Bldg M (AD:BILD) which gained 1.64% to close at 0.620.
The worst performers were Al-Qaiwain Cmn (AD:QCEM) which was down 9.52% to 1.14 in late trade, Methaq (AD:METH) which lost 3.85% to settle at 0.750 and United Arab Bk (AD:UAB) which was down 2.65% to 5.50 at the close.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 24 to 4; on the Abu Dhabi Stock Exchange, 15 rose and 8 declined.
Shares in Emirates NBD PJSC (DU:ENBD) rose to 52-week highs; gaining 4.21% or 0.410 to 10.150.
Crude oil for September delivery was down 1.13% or 0.58 to $50.63 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.97% or 0.56 to hit $56.55 a barrel, while the August Gold contract fell 2.43% or 27.50 to trade at $1104.40 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.03% to 3.9800.
The US Dollar Index was up 0.08% at 98.17.