The Abu Dhabi Securities Exchange (ADX) General Index edged lower yesterday, led by banking stocks.
Equities had rallied last month, boosted by strong corporate earnings results in the fourth quarter and dividend announcements.
Financial institutions led the decline as investors booked profits. Finance House slumped 7.1 per cent to Dh3.25 a share. Sharjah Islamic Bank lost 1 per cent to close at 91 fils. National Bank of Abu Dhabi lost 0.4 per cent to close at Dh10.80. First Gulf Bank fell 0.4 per cent to Dh10.80. The ADX General Index retreated 0.1 per cent to 2,475.31.
The index has risen more than 3 per cent since January.
The Dubai Financial Market (DFM) General Index rose yesterday, led by property and construction stocks. "There is no specific news linked to the movement of stocks" yesterday, said Wadah Al Taha, the chief investment officer at Al Zarooni Group in Dubai. "It seems that sentiment has turned after the fourth-quarter results were released."
Arabtec Holding, the biggest contractor in the emirate, rose 9.2 per cent to Dh2.60 a share.
The engineering contractor Drake & Scull Internationalrose 4.1 per cent to 93 fils. The DFM General Index advanced 0.6 per cent to 1,476.24.
Elsewhere in the region: Kuwait's measure lost 0.3 per cent to 5,840.20; Bahrain's was little changed at 1,135.84; Oman's MSM 30 Index was little changed at 5,567.73; and Qatar's QE Index also showed little movement at 8,726.37. The Saudi Tadawul All-Share Index fell 0.2 per cent to 6,738.9.
halsayegh@thenational.ae
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
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ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
More from Rashmee Roshan Lall
MATCH INFO
Borussia Dortmund 0
Bayern Munich 1 (Kimmich 43')
Man of the match: Joshua Kimmich (Bayern Munich)
UAE currency: the story behind the money in your pockets
'Jurassic%20World%20Dominion'
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Match info
Australia 580
Pakistan 240 and 335
Result: Australia win by an innings and five runs
The biog
Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
As a child, he loved the documentaries of Jacques Cousteau
He also led a team that discovered the long-lost portion of the Ines oil tanker.
If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
if you go
The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.
The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.
