Local markets slipped on the only day of trading this week as Dubai Group's restructuring played on trading confidence and investors again booked profits ahead of Eid.
Dubai Group has missed two payments on separate loans in recent weeks and the company last week announced proactive measures to deal with its debt.
"[Dubai Group] is in the restructuring phase but decisions could lag for another week because of Eid," said Omair Ansari, vice president and chief strategist at Gulf Mena Alternative Investment.
"Volumes are very low and people are not really participating. People are sitting back till after the holiday," he added. The Abu Dhabi Securities Exchange General Index and the Dubai Financial Market (DFM) General Index both fell 0.3 per cent to 2,748.92 points and 1,687.43 points respectively.
Emaar Properties fell 0.5 per cent to Dh3.65 as the builder of the world's tallest skyscraper in Dubai said the loan due from Amlak Finance, the Islamic mortgage company being reorganised by the United Arab Emirates government, is "fully recoverable."
The Dubai bourse's top gainer in early trading was Dubai Islamic Bank, which rose 1.4 per cent to Dh2.23.
Air Arabia, the most active stock by volume, gained 0.1 per cent to Dh0.79.
Elsewhere in the region: Qatar ticked 0.1 per cent higher to 8083.87; Bahrain rose 0.1 per cent to 1452.01 and Oman slipped 0.2 per cent to 6606.69.
The Saudi Tadawul All-Share Index and the Kuwait exchange were both closed for the Eid Al Adha holiday.
The UAE markets will be closed from 16th to 19th this week.
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
RESULTS
Welterweight
Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)
(Unanimous points decision)
Catchweight 75kg
Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)
(Second round knockout)
Flyweight (female)
Manon Fiorot (FRA) beat Corinne Laframboise (CAN)
(RSC in third round)
Featherweight
Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki
(Disqualification)
Lightweight
Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)
(Unanimous points)
Featherweight
Yousef Al Housani (UAE) beat Mohamed Fargan (IND)
(TKO first round)
Catchweight 69kg
Jung Han-gook (KOR) beat Max Lima (BRA)
(First round submission by foot-lock)
Catchweight 71kg
Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)
(TKO round 1).
Featherweight title (5 rounds)
Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
(TKO round 1).
Lightweight title (5 rounds)
Bruno Machado (BRA) beat Mike Santiago (USA)
(RSC round 2).
MATCH INFO
Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)
Man of the match Harry Kane
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India squads
T20: Rohit Sharma (c), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur
Test: Virat Kohli (c), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha (wk), Ravindra Jadeja, Ravichandran Ashwin, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant
