The armed wing of Hamas confirmed the deaths of two of its fighters, but provided different names for them
Dubai Financial Market’s General Index, or DFMGI, recouped some of its early-trade losses, after a positive opening in Saudi Arabia, which helped boost sentiment. The benchmark index closed 1.21 per cent lower at 1,712.90 points, after opening down more than four per cent on concerns of debt issues in the eurozone.
Out of 26 stocks traded yesterday, only three posted gains, while two remain unchanged and 21 declined in thin trade as only 222 million shares worth Dh432.45 million changed hands on the exchange.
National Central Cooling Company, or Tabreed, tumbled 4.91 per cent to 0.43 fils. Air Arabia, the region’s largest low-cost carrier, retreated 3.4 per cent, the most since March 31, to 90.8 fils.
“The international melt-down scenario related to Greek sovereign debt” is pushing Arab markets lower,” said Yazan Abdeen, a fund manager at ING Investment Management (Dubai) Limited. “If you think in the gloom scenario, international demand falls and hence oil, and that leads to less sovereign government revenue.”
Emirates NBD, the region’s largest bank, declined 1.67 per cent to Dh2.95, Arabtec Holding fell 1.60 per cent to Dh2.46 and Emaar Properties slipped 1.04 per cent to Dh3.81. Emirates Integrated Telecommunications Company, or du, dropped 2.31 per cent to Dh2.54 and Dubai Financial Market lowered 0.58 per cent to Dh1.71.
Abu Dhabi Securities Market’s General Index, or ADXGI, dropped 1.41 per cent, led by real estate and banking stocks. Aldar Properties fell 3.9 per cent to Dh3.73 and Sorouh Real Estate fell to Dh2.24.
First Gulf Bank, National Bank of Abu Dhabi and Abu Dhabi Commercial Bank fell into negative columns and closed at Dh18.05, Dh11.95 and Dh1.81 respectively.
In terms of value, Aldar Properties remained a most active share on ADX as its Dh20.44 million shares changed hands in thin trade. In terms of volume, Dana Gas remained on top as its 20.74 million shares were traded on the exchange.
The armed wing of Hamas confirmed the deaths of two of its fighters, but provided different names for them
If you're switching jobs and your dependants' visas are valid for at least three months, you can simply put their visas on hold while your new one gets issued
There will also be a drop in horizontal visibility as light to moderate winds are expected, causing blowing dust
The airlines continue to monitor developments across the region
Volunteers have quickly stepped in to support families by setting up and preparing the tents
The airline had earlier alerted passengers about longer queues and slower check-ins
The External Affairs Minister said that he is travelling to Pakistan only to be a 'good member of the SCO'
Sheikh Hamdan took to social media platform X to make the announcement on World Teachers' Day