DP World shares closed lower for a fifth straight day, rounding off the stock’s worst week in over six years.
The port operator’s shares, listed on the Nasdaq Dubai, ended the day 2.4 per cent lower at US$20.80, despite the stock being upgraded to Add by AlphaMena.
The port operator’s shares have shed 12 per cent of their value since the UAE, Saudi Arabia and others announced a suspension of road, air and sea links with Qatar.
The Abu Dhabi Securities Exchange General Index closed 0.8 per cent lower at 4,501.77, with banking stocks – led by ADCB and FAB – accounting for four of the top five laggers.
Dana Gas shares continued to dominate, accounting for 75 per cent of all trades. The energy firm’s shares rose 7.4 per cent to a new high of 73 fils, after announcing it had secured a further injunction in the British Virgin Islands against creditors enforcing against the company’s securities.
Shares in Dubai rose 0.3 per cent to 3,459.44, even as only eight stocks closed in positive territory.
Emaar Properties led gains, closing up 1.3 per cent at Dh8, its highest close in nearly two years.
Dubai Investments and Union Properties also gained, cancelling out losses by DIB and Arabtec Holding.
In Doha, the Qatar Exchange closed higher for a second straight day, rising 0.7 per cent, even as GCC and foreign institutions remained net sellers.
In Saudi Arabia, the Tadawul was little changed, closing down 0.5 per cent. Emaar, the Economic City real estate firm and Saudi Fisheries topped gains, rising 2.4 per cent and 2.3 per cent, respectively.
jeverington@thenational.ae
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T20 World Cup Qualifier
October 18 – November 2
Opening fixtures
Friday, October 18
ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya
Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan
Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed
Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed
11 cabbie-recommended restaurants and dishes to try in Abu Dhabi
Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).
Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)
Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)
Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)
Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
