Investing.com – United Arab Emirates equities were higher at the close on Monday, as gains in the Services, Banking and Telecoms sectors propelled shares higher.
At the close in Dubai, the DFM General gained 0.11%, while the ADX General index climbed 0.03%.
The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU:MASB), which rose 5.06% or 4.00 points to trade at 83.00 at the close. Drake & Scull International PJSC (DU:DSI) added 3.54% or 0.020 points to end at 0.585 and Gulf Navigation Holding PJSC (DU:GNAV) was up 3.03% or 0.030 points to 1.020 in late trade.
Biggest losers included Dubai Islamic Insurance Co. (DU:AMAN), which lost 2.80% or 0.017 points to trade at 0.590 in late trade. Air Arabia PJSC (DU:AIRA) declined 1.57% or 0.020 points to end at 1.250 and SHUAA Capital PSC (DU:SHUA) shed 1.45% or 0.010 points to 0.681.
The top performers on the ADX General were Ad Shipbldg Co (AD:ADSB) which rose 9.63% to 2.96, Ad Islamic Bk (AD:ADIB) which was up 4.35% to settle at 4.32 and Green Crs Ins (AD:GCIC) which gained 2.50% to close at 0.820.
The worst performers were National Marine Dredging PSC (AD:NMDC) which was down 9.86% to 5.30 in late trade, Invest Bank AD (AD:INVB) which lost 6.51% to settle at 2.01 and Ad Aviation (AD:ADAV) which was down 6.25% to 2.70 at the close.
Advancing stocks outnumbered falling ones by 17 to 16; on the Abu Dhabi, 17 fell and 12 advanced, while 4 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for June delivery was down 3.38% or 1.41 to $40.30 a barrel. Meanwhile, Brent oil for delivery in June fell 3.20% or 1.38 to hit $41.72 a barrel, while the June Gold contract rose 0.36% or 4.50 to trade at $1239.10 a troy ounce.
USD/AED was up 0.00% to 3.6731, while EUR/AED rose 0.17% to 4.1533.
The US Dollar Index was down 0.10% at 94.59.