Shares in Abu Dhabi set the pace across the Arabian Gulf on Tuesday, thanks to strong gains by First Abu Dhabi Bank (ticker: NBAD), ahead of its inclusion in the FTSE Emerging Markets Index.
All of the region’s headline indexes ended in positive territory, even as other global bourses performed weakly. Japan’s Nikkei closed down 0.9 per cent, with the Euro Stoxx 50 trading around 0.2 per cent lower in the late afternoon.
The Abu Dhabi Securities Exchange General Index was one of the best performers globally on Tuesday, rising 1.8 per cent to a four-week high of 4,548.87.
Shares in First Abu Dhabi Bank – which following the merger of NBAD and FGB still trades under the NBAD ticker – led gains in the capital, rising 4.8 per cent to Dh10.90, their highest level in nearly two years. “There’s been a lot of interest in the stock ahead of the inclusion in the stock ahead of its inclusion in the FTSE Emerging Markets Index on Wednesday,” said Ali Adou, a fund manager at The National Investor in Abu Dhabi.
Shares in Taqa meanwhile closed 5.3 per cent lower at 54 fils apiece, as investors booked profits after the energy firm’s stock gained 24 per cent in two days.
Dubai shares gained for a fifth consecutive session, their longest winning streak since early January, ending the day up nearly 0.6 per cent at 3,559.69, as retail investors continued to return to market.
DIB and Emaar Properties led the blue chip gains, rising by 1.8 per cent and 1.2 per cent, respectively.
Shares in Saudi Arabia closed up for the first time this week as oil prices remained firm. The Tadawul ended the day about 0.3 per cent higher, led by Sabic.
jeverington@thenational.ae
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MATCH INFO
Manchester City 0
Wolves 2 (Traore 80', 90 4')
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
Walls
Louis Tomlinson
3 out of 5 stars
(Syco Music/Arista Records)
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RESULTS
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Winner: Lady Parma, Richard Mullen (jockey), Satish Seemar (trainer).
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Winner: Tabernas, Connor Beasley, Ahmed bin Harmash.
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3.15pm: Handicap Dh120,000 1,400m
Winner: Mystique Moon, Sam Hitchcott, Doug Watson.
3.45pm: Handicap Dh80,000 1,400m
Winner: Mutawakked, Szczepan Mazur, Musabah Al Muhairi.
4.15pm: Handicap Dh90,000 1,800m
Winner: Tafaakhor, Sandro Paiva, Ali Rashid Al Raihe.
4.45pm: Handicap Dh80,000 1,950m
Winner: Cranesbill, Fabrice Veron, Erwan Charpy.
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
Honeymoonish
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Sholto Byrnes on Myanmar politics
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Eyasses squad
Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)
Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)
Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)
Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)
Jemma Eley – goal attack / wing attack (Dubai College)
Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)
Molly Fuller – goal attack / wing attack (Dubai College)
Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)
Noorulain Hussain – goal defence / wing defence (Dubai College)
Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)
Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)
Eliza Petricola – wing attack / centre (Dubai English Speaking College)
Isle of Dogs
Director: Wes Anderson
Starring: Bryan Cranston, Liev Schreiber, Ed Norton, Greta Gerwig, Bill Murray, Jeff Goldblum, Scarlett Johansson
Three stars
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million