The Dubai Financial Market (DFM) rose yesterday, lifted by Deyaar Development, as retail investors bought up shares regarded as undervalued.
"Deyaar is catching up with other property and construction companies that have performed well over the past few consecutive sessions," said Marwan Shurrab, the vice president and chief trader at Gulfmena Investments in Dubai.
Deyaar jumped 6.6 per cent to 33 fils on the DFM General Index.
The index, which rose 1.1 per cent to 1,546.21 points yesterday, has gained 4.4 per cent so far this week as investors build up holdings in companies such as Emaar Properties and Arabtec Holding amid anticipation that second-quarter results will exceed expectations.
Emaar gained 0.9 per cent to Dh3.30 yesterday, adding to its 8.5 per cent gain this week, while Arabtec Holding jumped 2 per cent to Dh3.03, bringing its total weekly gain to 7.4 per cent.
Trading activity was muted on the Abu Dhabi Securities Exchange (ADX) General Index amid a lack of interest from investors.
Six shares advanced, six declined, 13 were unchanged and 41 were untraded. The ADX was little changed, down 0.04 per cent, to 2,463.62.
Elsewhere in the region: Kuwait's measure fell 0.3 per cent to 5,837.74; Bahrain's index fell 0.2 per cent to 1,113.88; Oman's MSM 30 Index fell 0.6 per cent to 5,469.99; Qatar's QE Index added 0.1 per cent to 8,328.71.
The Saudi Tadawul All-Share Index gained 0.6 per cent to 6,628.26.
halsayegh@thenational.ae
UAE currency: the story behind the money in your pockets
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UAE currency: the story behind the money in your pockets
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
'Falling%20for%20Christmas'
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more from Janine di Giovanni
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
The biog
Hometown: Cairo
Age: 37
Favourite TV series: The Handmaid’s Tale, Black Mirror
Favourite anime series: Death Note, One Piece and Hellsing
Favourite book: Designing Brand Identity, Fifth Edition
The BIO
Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.
Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.
Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.
Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.
