Construction provides solid footing for UAE traders

Property and constructions stocks were unable to sustain higher prices during the first half of the trading session due to technical resistance, a fund manager said.

In Dubai, Arabtec Holding closed 1.9 per cent higher to Dh1.54 a share. Earlier, shares rose as much as 6 per cent on speculation that the Dubai contractor may be awarded contracts from Saudi Arabia's spending package, introduced on the weekend, which included the construction of 500,000 unit, worth $66.7 billion

"There was speculation about stocks which have exposure in Saudi Arabia that may benefit from the announcement, but the market seems to be facing resistance now," said Haissam Arabi, the chief executive of Gulfmena Alternative Investments in Dubai.

Emaar Properties added 1.6 per cent to Dh3.00 a share. Drake and Scull added 0.9 per cent to Dh1.03.The Dubai Financial Market General Index rose 0.9 per cent to 1521.10.

Aldar Properties, listed in Abu Dhabi, rose 6.6 per cent to Dh1.45. Sorouh Real Estate added 4.5 per cent to Dh1.43. The Abu Dhabi Securities Exchange General Index added 0.6 per cent to 2630.15 points.

Elsewhere in the region, Kuwait's measure added 0.2 per cent to 6330.30. Bahrain's index added 0.7 per cent to 1410.84. Oman's benchmark added 0.4 per cent to 6393.62. The Saudi Tadawul All-Share Index added 0.5 per cent to 6389.85.

School counsellors on mental well-being

Schools counsellors in Abu Dhabi have put a number of provisions in place to help support pupils returning to the classroom next week.

Many children will resume in-person lessons for the first time in 10 months and parents previously raised concerns about the long-term effects of distance learning.

Schools leaders and counsellors said extra support will be offered to anyone that needs it. Additionally, heads of years will be on hand to offer advice or coping mechanisms to ease any concerns.

“Anxiety this time round has really spiralled, more so than from the first lockdown at the beginning of the pandemic,” said Priya Mitchell, counsellor at The British School Al Khubairat in Abu Dhabi.

“Some have got used to being at home don’t want to go back, while others are desperate to get back.

“We have seen an increase in depressive symptoms, especially with older pupils, and self-harm is starting younger.

“It is worrying and has taught us how important it is that we prioritise mental well-being.”

Ms Mitchell said she was liaising more with heads of year so they can support and offer advice to pupils if the demand is there.

The school will also carry out mental well-being checks so they can pick up on any behavioural patterns and put interventions in place to help pupils.

At Raha International School, the well-being team has provided parents with assessment surveys to see how they can support students at home to transition back to school.

“They have created a Well-being Resource Bank that parents have access to on information on various domains of mental health for students and families,” a team member said.

“Our pastoral team have been working with students to help ease the transition and reduce anxiety that [pupils] may experience after some have been nearly a year off campus.

"Special secondary tutorial classes have also focused on preparing students for their return; going over new guidelines, expectations and daily schedules.”


1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47

2. David Dekker (NED) Jumbo-Visma - same time

3. Michael Morkov (DEN) Deceuninck-QuickStep   

4. Emils Liepins (LAT) Trek-Segafredo

5. Elia Viviani (ITA) Cofidis

6. Tadej Pogacar (SLO UAE Team Emirates

7. Anthony Roux (FRA) Groupama-FDJ

8. Chris Harper (AUS) Jumbo-Visma - 0:00:03

9. Joao Almeida (POR) Deceuninck-QuickStep         

10. Fausto Masnada (ITA) Deceuninck-QuickStep

Energy This Week

Expert analysis on oil & gas renewables and clean energy

      By signing up, I agree to The National's privacy policy
      Energy This Week