Dubai's shares fell yesterday as investors booked profits after a positive week.
"There was light profit taking from retail investors," said Julian Bruce, the director of institutional sales trading based in Dubai at EFG Hermes. "Most of the stocks have had a recent run and investors would like to take profits off the table ahead of the weekend."
In Dubai, Emaar Properties, the developer behind the Burj Khalifa, fell 1.2 per cent to Dh3.26. Arabtec Holding, one of the emirate's biggest contractors, fell 1.3 per cent to Dh2.99.
Tabreed, a district cooling company, declined 2.3 per cent to Dh1.26.
The Dubai Financial Market General Index lost 0.6 per cent, closing at 1,535.71. The benchmark rose about 4 per cent over the week.
Abu Dhabi's bourse made decent gains after lagging behind Dubai's performance this week.
Aldar Properties, the developer behind Yas Island and Ferrari World, advanced 1.8 per cent to Dh1.13. Sorouh Real Estate, the developer behind Reem Island's Sun and Sky Towers, gained 0.9 per cent to close at Dh1.03.
Meanwhile, Dana Gas, a UAE explorer and producer, was unchanged at 38 fils. Etisalat added 0.1 per cent to close at Dh9.14.
The Abu Dhabi Securities Exchange General Index added 0.1 per cent to 2,467.96.
Elsewhere in the region: Kuwait's measure lost 0.4 per cent to 5,813.62; Bahrain's index added 0.1 per cent to 1,114.95; Oman's MSM 30 Index lost 0.4 per cent to 5,445.25; Qatar's QE Index lost 0.5 per cent to 8,281.26 points.
The Saudi Tadawul was closed for the day.
halsayegh@thenational.ae
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Company/date started: 2015
Founder/CEO: Mohammed Toraif
Based: Manama, Bahrain
Sector: Sales, Technology, Conservation
Size: (employees/revenue) 4/ 5,000 downloads
Stage: 1 ($100,000)
Investors: Two first-round investors including, 500 Startups, Fawaz Al Gosaibi Holding (Saudi Arabia)
Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel
Day 5, Dubai Test: At a glance
Moment of the day Given the problems Sri Lanka have had in recent times, it was apt the winning catch was taken by Dinesh Chandimal. He is one of seven different captains Sri Lanka have had in just the past two years. He leads in understated fashion, but by example. His century in the first innings of this series set the shock win in motion.
Stat of the day This was the ninth Test Pakistan have lost in their past 11 matches, a run that started when they lost the final match of their three-Test series against West Indies in Sharjah last year. They have not drawn a match in almost two years and 19 matches, since they were held by England at the Zayed Cricket Stadium in Abu Dhabi in 2015.
The verdict Mickey Arthur basically acknowledged he had erred by basing Pakistan’s gameplan around three seam bowlers and asking for pitches with plenty of grass in Abu Dhabi and Sharjah. Why would Pakistan want to change the method that has treated them so well on these grounds in the past 10 years? It is unlikely Misbah-ul-Haq would have made the same mistake.
FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
MATCH INFO
France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')
Italy 1
Bonucci (36')
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
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