Dubai's stock market rose yesterday, lifted by Emaar Properties after the giant developer said its US$500 million Islamic bond sale was nine times oversubscribed.
Emaar, the developer behind the Burj Khalifa, rose 1.6 per cent to Dh3.15.
The company priced a seven-year $500m sukuk with a yield of 6.4 per cent, on the back of an order book of US$4.65 billion, Emaar said in a statement posted on the Dubai Financial Market (DFM) website.
Middle Eastern investors made bids worth 48 per cent of the transaction, while European investors made 38 per cent and Asian and US offshore investors were allocated 13 per cent and 1 per cent, respectively.
Emaar is expected to release its second-quarter results later this month.
Analysts polled by Bloomberg forecast the company to double its quarterly net income to Dh551m. The DFM General Index rose 0.7 per cent to 1,502.54.
Abu Dhabi stocks slid yesterday amid low volumes and lacklustre appetite.
Nine stocks declined, 10 were unchanged, while four advanced.
Etisalat, which holds the biggest weighting on the emirate's index, fell 1.3 per cent to Dh9.10. Eshraq Properties dropped 3.2 per cent to 30 fils.
The Abu Dhabi Securities Exchange general Index declined 0.2 per cent to 2,460.74.
Elsewhere in the region: Kuwait's measure slipped 0.1 per cent to 5,854.99; Bahrain's index also slipped 0.1 per cent, to 1,112.60; Oman's MSM 30 Index gained 0.4 per cent to 5,468.13; Qatar's QE Index was little changed, down 0.02 per cent, to 8,283.13.
The Saudi Tadawul All-Share Index slipped 0.5 per cent to 6,662.96.
halsayegh@thenational.ae
UAE currency: the story behind the money in your pockets
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Final scores
18 under: Tyrrell Hatton (ENG)
- 14: Jason Scrivener (AUS)
-13: Rory McIlroy (NIR)
-12: Rafa Cabrera Bello (ESP)
-11: David Lipsky (USA), Marc Warren (SCO)
-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)
The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order
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