UAE shares were mixed yesterday, as investors digested the large number of fourth-quarter earnings from blue chips such as Emaar, Aldar Properties and Etisalat.
Dubai shares spent much of the day in positive territory but ended the day down 0.2 per cent at 3,645.01 owing to a late drop by Emaar Properties.
The developer’s shares rose by as much as 2.2 per cent yesterday following the announcement late on Tuesday of better-than-expected profit, before tailing off to close just 0.3 per cent higher at Dh7.62.
Arabtec Holding led losses for a third straight day, closing down 5.6 per cent at Dh1.02, the stock’s lowest level in more than two years.
Emirates NBD and DFM were the pick of the big-name gainers, rising 1.9 per cent and 4.1 per cent respectively.
Shares in Abu Dhabi meanwhile closed up by 0.5 per cent at 4,596.69, bolstered by banking stocks.
FGB and NBAD shares led gains in the capital, rising 2.3 per cent and 2.5 per cent. The two institutions are set to merge on April 1, with new shares in the merged entity to commence trading the following day.
Shares in Etisalat, which announced a 2 per cent increase in annual profits late on Tuesday, gained 1.1 per cent in early trading, before giving up gains to end unchanged at Dh17.90.
Aldar Properties meanwhile fell by 2.7 per cent to Dh2.49, following the developer’s warning of “headwinds” in the Abu Dhabi property market this year.
Shares in Saudi Arabia bounced back after a minor sell-off on Tuesday. The Tadawul finished 0.58 per cent higher on the back of gains in Al Rajhi Bank and Jabal Omar Development.
jeverington@thenational.ae
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
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The specs
Engine: 2.0-litre 4-cylturbo
Transmission: seven-speed DSG automatic
Power: 242bhp
Torque: 370Nm
Price: Dh136,814
Other simple ideas for sushi rice dishes
Cheat’s nigiri
This is easier to make than sushi rolls. With damp hands, form the cooled rice into small tablet shapes. Place slices of fresh, raw salmon, mackerel or trout (or smoked salmon) lightly touched with wasabi, then press, wasabi side-down, onto the rice. Serve with soy sauce and pickled ginger.
Easy omurice
This fusion dish combines Asian fried rice with a western omelette. To make, fry cooked and cooled sushi rice with chopped vegetables such as carrot and onion and lashings of sweet-tangy ketchup, then wrap in a soft egg omelette.
Deconstructed sushi salad platter
This makes a great, fuss-free sharing meal. Arrange sushi rice on a platter or board, then fill the space with all your favourite sushi ingredients (edamame beans, cooked prawns or tuna, tempura veggies, pickled ginger and chilli tofu), with a dressing or dipping sauce on the side.
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019