She says the money is going to help arthritis, chronic fatigue and cardiovascular health studies
After losing nearly 18 per cent last week, the Dubai Financial Market Index advanced 2.9 per cent to 1,633.42, the biggest one-day rise since November 27 this year.
In both markets, property shares rose more than 6 per cent while banking shares in
“After last week’s losses, markets are in a correction mode and we should see more of that in the last two days of trading this week,” said Hesham Bakry, head of
Emaar Properties, the Middle’s East biggest property developer, surged 5.8 per cent to Dh2.34.
Union Properties rebounded strongly, it was up 14.3 per cent to Dh0.80.
The country’s largest construction company, Arabtec Holding jumped 14.7 per cent to Dh 4.58 as investors snapped up shares head of the expiration tomorrow of its shareholder bonus entitlement.
Markets were boosted by rebounding oil prices following violence at the Gaza Strip which raised concerns supply from the
Crude oil prices gained for a second day, with February delivering up by $2.11 per barrel or 5.6 per cent to $39.82 at the New York Mercantile Exchange.
Recent incessant price slides due to deepening fears global recession will cut fuel demand, have heightened concerns about governments in oil-rich countries curtailing spending and subsequently, stifling economic expansion.
“An oil price increase is good news, it is always welcome news,” said Vyas Jayabhanu of Al Dhafra Financial Brokerage.
At the Abu Dhabi Securities Exchange, Sorouh Real Estate, the emirate’s second largest property company surged 7.6 per cent to Dh3.03. Top-ranked Aldar Properties gained 6.2 per cent to Dh3.93.
“Stocks are at very attractive levels after a string of declines,” said Bassam Ramahi of Shuaa Securities.
“We should see stock prices stabilising in the short-term. Although volumes continue to be very low, that should be seen as a good sign, it means selling pressure is diminishing.”
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