United Arab Emirates stocks mixed at close of trade; DFM General down 0.03%

© Reuters. United Arab Emirates stocks mixed at close of trade; DFM General down 0.03%

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

At the close in Dubai, the DFM General fell 0.03% to hit a new 52-week low, while the ADX General index climbed 0.04%.

The best performers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 5.45% or 0.038 points to trade at 0.735 at the close. Meanwhile, Gulf Navigation Holding PJSC (DU:GNAV) added 5.37% or 0.051 points to end at 1.000 and Drake & Scull International PJSC (DU:DSI) was up 4.05% or 0.016 points to 0.411 in late trade.

The worst performers of the session were Dubai Investments PJSC (DU:DINV), which fell 2.41% or 0.040 points to trade at 1.620 at the close. Takaful House (DU:DTKF) declined 2.26% or 0.014 points to end at 0.605 and Damac Properties Dubai Co PSC (DU:DAMAC) was down 2.08% or 0.040 points to 1.880.

The top performers on the ADX General were Gulf Pharm Ind (AD:GPHI) which rose 10.00% to 2.200, Eshraq Properties Co PJSC (AD:ESHR) which was up 5.18% to settle at 0.6090 and Abu Dhabi National Hotels Co (AD:ADNH) which gained 5.02% to close at 3.35.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was down 10.00% to 0.900 in late trade, Ad Natl Ins Co (AD:ADNI) which lost 6.67% to settle at 3.500 and Ad Commercial (AD:ADCB) which was down 1.29% to 7.63 at the close.

Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 19 to 15 and 3 ended unchanged; on the Abu Dhabi, 15 rose and 7 declined, while 9 ended unchanged.

Shares in Islamic Arab Insurance Company (DU:SALAMA) rose to 3-years highs; gaining 5.45% or 0.038 to 0.735. Shares in Dubai Investments PJSC (DU:DINV) fell to 52-week lows; down 2.41% or 0.040 to 1.620. Shares in Damac Properties Dubai Co PSC (DU:DAMAC) fell to 3-years lows; down 2.08% or 0.040 to 1.880. Shares in Abu Dhabi National Hotels Co (AD:ADNH) rose to 52-week highs; up 5.02% or 0.16 to 3.35.

Crude oil for November delivery was up 0.73% or 0.52 to $71.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.98% or 0.79 to hit $81.22 a barrel, while the December Gold Futures contract rose 1.03% or 12.60 to trade at $1234.60 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.33% to 4.2598.

The US Dollar Index Futures was down 0.26% at 94.69.