She says the money is going to help arthritis, chronic fatigue and cardiovascular health studies
The Dubai Financial Market Index rose more than 2 per cent in early trade but late-trade profit-taking pared gains to 0.4 per cent at 1,639.34 to bring its two-day gains to 3.3 per cent.
In
“Investors temporarily set aside gloom and doom news. They have already discounted the grim economic forecasts and focused on prospects of individual companies,” said Vyas Jayabhanu of Al Dhafra Financial Brokerage.
With most issues hammered in recent months on a barrage of gloomy economic outlooks, “it’s not surprising that a rebound is taking place, it was bound to happen,” said Jayabhanu.
Arabtec Holding which is building the world’s tallest structure in Dubai, rose 2.6 per cent in mid-session before giving back some of its gains to end up 1.1 per cent to Dh 4.53.
Shares in the company rose three days in a row as investors hurried to qualify for the company’s bonus shares.
Among banks, Emirates NBD gained 4.7 per cent to Dh2.91.
Bucking the trend, index heavyweight Emaar Properties, the region’s largest property developer shed 0.4 per cent to Dh2.33.
Year-end window-dressing is boosting both markets as fund managers hurrying to spruce up portfolios ahead of the New Year break.
“The markets are still largely driven by retail investors, we are seeing some foreign institutions stepping in but not as aggressive as we would have wanted,” said Chamel Sahmy of Beltone Financial Securities. “The laid back stance of foreign fund managers is not surprising though. Many of them just wanted to maximise short-term trading opportunities.”
Banking stocks buoyed the
The Abu Dhabi Commercial Bank soared 9.5 per cent to Dh1.62, while Union National Bank surged 9.7 per cent to Dh2.02.
Dana Gas PJSC, the
“If it’s a significant gas find, it will be positive for the company’s long-term revenue schedule. Fuel demand is down right now, but the energy sector is a basic infrastructure tool. Dana Gas in is line for growth when economic conditions improve said,” Jayabhanu.
She says the money is going to help arthritis, chronic fatigue and cardiovascular health studies
Do not give out bank account details and other financial information, the authority said
Researchers say a record spate of wildfires this year has released massive amounts of carbon dioxide back into the atmosphere
The group is accused of deliberately misleading the public about limitations of recycling
The decision will encourage visa violators to amend their status and take advantage of the two-month amnesty programme which runs until October 31
A South Korean man hid the body of his girlfriend on his balcony by stacking bricks and pouring on a 10cm layer of cement
The season now has a four-week lull before a US-Mexico-Brazil sequence starting in Austin, Texas, on October 20
However, a consistent increase in prices has prompted some analysts to caution against a slight short-term correction in the emirate’s real estate scene