Markets in Dubai and Abu Dhabi ended mixed on Monday.
The Dubai Financial Market general index declined 0.79 per cent to close at 3,775.38, dipping below the April 7 close. Year-to-date the index is up a marginal 0.04 per cent.
Shares of Tabreed, or National Central Cooling, and Emaar Malls, were among the top gainers, increasing by 2.46 per cent and 1.34 per cent respectively.
The retailer Marka, which yesterday said it completed the acquisition of Retailcorp from Istithmar announced in December, lost 5.38 per cent of its share value. The developer Deyaar meanwhile shed 3.09 per cent.
In Abu Dhabi, the key index rose 0.63 per cent to close at 4,589.29, continuing with the overall rally for the last three weeks. Year to date it is up 1.33 per cent.
Gulf Cement and the food company Agthia gained 4.81 per cent and 4.79 per cent, respectively. RAK Cement and Sharjah Islamic Bank lost 5.62 per cent and 2.94 per cent, respectively.
Brent, which rose above $58 per barrel to its highest level since March 26, had a positive effect on the Saudi bourse, as the benchmark climbed 0.5 per cent.
The petrochemicals group PetroRabigh rose 4.8 per cent, as the Saudi regulator lifted suspension on trading of its shares. The company also announced it was raising capital through a rights issue. Saudi Basic Industries, however, dropped 2.7 per cent after it went ex-dividend.
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Label: Warner Records
Number of tracks: 11
Rating: 4/5
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Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
Results
ATP Dubai Championships on Monday (x indicates seed):
First round
Roger Federer (SUI x2) bt Philipp Kohlschreiber (GER) 6-4, 3-6, 6-1
Fernando Verdasco (ESP) bt Thomas Fabbiano (ITA) 3-6, 6-3, 6-2
Marton Fucsovics (HUN) bt Damir Dzumhur (BIH) 6-1, 7-6 (7/5)
Nikoloz Basilashvili (GEO) bt Karen Khachanov (RUS x4) 6-4, 6-1
Jan-Lennard Struff (GER) bt Milos Raonic (CAN x7) 6-4, 5-7, 6-4
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Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
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Transmission: 8-speed auto
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Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
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Dog:loyal, kind, perfectionist
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Saudi National Day
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The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
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