Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Telecoms, Real Estate & Construction and Finance & Investment sectors propelled shares higher.
At the close in Dubai, the DFM General gained 1.08% to hit a new 1-month high, while the ADX General index climbed 1.02%.
The biggest gainers of the session on the DFM General were Islamic Arab Insurance Company (DU:SALAMA), which rose 2.32% or 0.012 points to trade at 0.530 at the close. Emirate Integrated Telecom Co PJSC (DU:DU) added 2.25% or 0.150 points to end at 6.830 and Emaar Properties PJSC (DU:EMAR) was up 2.19% or 0.150 points to 7.000 in late trade.
Biggest losers included Emirates NBD PJSC (DU:ENBD), which lost 1.02% or 0.090 points to trade at 8.710 in late trade. National Cement Company P.S.C. (DU:NCC) declined 0.98% or 0.030 points to end at 3.020 and Gulf Navigation Holding PJSC (DU:GNAV) shed 0.93% or 0.010 points to 1.070.
The top performers on the ADX General were Finance House (AD:FH) which rose 5.06% to 1.870, First Gulf Bk (AD:FGB) which was up 2.90% to settle at 12.40 and Agthia Group (AD:AGTH) which gained 2.37% to close at 7.79.
The worst performers were Al Khazna Ins (AD:AKIC) which was down 9.62% to 0.470 in late trade, Ad Shipbldg Co (AD:ADSB) which lost 7.81% to settle at 2.480 and Bank Of Sharja (AD:BOS) which was down 2.96% to 1.310 at the close.
Advancing stocks outnumbered falling ones by 23 to 8 and 4 ended unchanged; on the Abu Dhabi, 12 rose and 8 declined, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for September delivery was down 0.63% or 0.28 to $43.91 a barrel. Meanwhile, Brent oil for delivery in October fell 0.63% or 0.29 to hit $45.80 a barrel, while the December Gold contract fell 0.46% or 6.10 to trade at $1325.40 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.06% to 4.0356.
The US Dollar Index was down 0.01% at 97.40.