The airlines continue to monitor developments across the region
Dubai Financial Market’s General Index, or DFMGI, ended lower for a fourth straight session, slipping to a month-low. The benchmark index fell, 1.62 point, or 0.09 per cent to 1,744.40 points, its lowest finish since March 18.
Out of the 28 stocks traded yesterday, 12 posted gains, while one remain unchanged and 15 declined as volume dropped to five-week low. Investors exchanged 131 million shares worth Dh283.77 million on DFM yesterday.
Emirates Integrated Telecommunications Company, or du, fell 4.76 per cent to a nine-month closing low. Its shares declined for a second day since unveiling plans for a Dh1 billion rights issue and closed the day at Dh2.60.
“Many investors are reluctant to put money into the rights issue — they would rather sell now and then buy back once the issue is completed,” said Marwan Shurrab, vice-president and chief trader at Gulfmena Alternative Investments.
In property sector, Emaar gained 1.58 per cent to Dh3.86 while Deyaar and Union Properties dropped 1.78 per cent and 1.08 per cent, respectively.
In banking sector, Emirates NBD declined 1.97 per cent to Dh2.98 while Dubai Islamic Bank advanced 0.90 per cent to Dh2.25.
Abu Dhabi Securities Market’s General Index, or ADXGI, yesterday hit six-week low as banking shares declined across the board. The benchmark index dropped 0.15 per cent to 2,805.35 points, its lowest finish since March 9.
First Gulf Bank dropped 2.1 per cent to Dh19 and Abu Dhabi Commercial Bank fell 3.06 per cent to Dh1.94. Union National Bank declined 2.80 per cent to Dh3.31.
On positive sides, Abu Dhabi Islamic Bank advanced after reporting an increase in first-quarter profit. The bank’s shares rose 1.26 per cent to Dh3.22.
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
These goods, which were seized by Customs, can be examined at Dubai Airports, Terminal 3
He did not elaborate on the nature or timing of the response
The Ministry of Finance said that these amendments reflect its ongoing commitment to enhancing transparency within the overall tax regime