Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Telecoms, Real Estate & Construction and Finance & Investment sectors led shares higher.
At the close in Dubai, the DFM General rose 1.08% to hit a new 1-month high, while the ADX General index gained 1.02%.
The best performers 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. Meanwhile, 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.
The worst performers of the session were Emirates NBD PJSC (DU:ENBD), which fell 1.02% or 0.090 points to trade at 8.710 at the close. 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) was down 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.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 23 to 8 and 4 ended unchanged; on the Abu Dhabi Stock Exchange, 12 rose and 8 declined, while 6 ended unchanged.
Shares in Emirate Integrated Telecom Co PJSC (DU:DU) rose to 5-year highs; up 2.25% or 0.150 to 6.830.
Crude oil for September delivery was down 0.63% or 0.28 to $43.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.61% or 0.28 to hit $45.81 a barrel, while the December Gold contract fell 0.44% or 5.90 to trade at $1325.60 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.