Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Finance & Investment, Consumer Staples and Real Estate & Construction sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.94%, while the ADX General index added 0.57%.
The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 15.00% or 0.048 points to trade at 0.368 at the close. Takaful Emarat PSC (DU:TKFE) added 5.00% or 0.090 points to end at 1.890 and Union Properties PJSC (DU:UPRO) was up 2.56% or 0.030 points to 1.200 in late trade.
Biggest losers included AJMAN BANK PJSC (DU:AJBNK), which lost 2.01% or 0.040 points to trade at 1.950 in late trade. Air Arabia PJSC (DU:AIRA) declined 0.63% or 0.010 points to end at 1.570 and ARAMEX PJSC (DU:ARMX) shed 0.58% or 0.020 points to 3.450.
The top performers on the ADX General were Al-Qaiwain Cmn (AD:QCEM) which rose 14.55% to 1.26, Ad Shipbldg Co (AD:ADSB) which was up 7.84% to settle at 2.75 and Gulf Pharm Ind (AD:GPHI) which gained 3.56% to close at 2.62.
The worst performers were Ad Natl Energy (AD:TAQA) which was down 6.94% to 0.670 in late trade, Methaq (AD:METH) which lost 4.00% to settle at 0.720 and Arkan Bld Mt C (AD:ARKN) which was down 3.00% to 0.97 at the close.
Advancing stocks outnumbered falling ones by 19 to 6 and 2 ended unchanged; on the Abu Dhabi, 15 rose and 6 declined, while 1 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for August delivery was down 2.00% or 1.05 to $51.69 a barrel. Meanwhile, Brent oil for delivery in September fell 1.92% or 1.14 to hit $57.87 a barrel, while the August Gold contract fell 0.33% or 3.80 to trade at $1154.10 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED fell 1.01% to 4.0584.
The US Dollar Index was up 0.76% at 96.69.