Shares across the Arabian Gulf began the week slightly lower on Sunday, with investors seemingly unfazed by US air strikes against Syria over the weekend.
Global investors retreated to haven assets in early trading on Friday following the surprise military action, but largely reversed course by the end of the day.
Brent crude similarly rose by more than 2 per cent early on Friday before shedding gains.
In the UAE, trading on the Dubai Financial Market was subdued on Sunday, the benchmark index closing just 0.3 per cent lower at 3,554.96.
DXB Entertainments and Dubai Investments were among the weaker blue-chip performers, closing down 1 per cent and 0.8 per cent, respectively, cancelling out minor gains by Emaar Properties and DIB.
In the capital, the Abu Dhabi Securities Exchange General Index closed 0.5 per cent lower at 4,591.41, as investors in First Abu Dhabi Bank (ticker: NBAD) continued to book profits following last week’s rally.
The bank’s shares finished 1.8 per cent lower at Dh11.05, with shares in ADCB also closing down 1.2 per cent.
Etisalat led a handful of gainers, climbing by 0.8 per cent to Dh18.20 ahead of the company’s annual general meeting on Sunday afternoon.
Shares in Saudi Arabia opened in positive territory, before retreating in afternoon trading to finish 0.2 per cent lower, to 7,058.58, dragged down by Alinma Bank.
The Bahrain Bourse All Share Index topped gains across the region, closing up 1.6 per cent, thanks to gains by BBK and Ahli United Bank.
The Qatar Exchange was the other main regional gainer, finishing up by 0.5 per cent thanks to Industries Qatar and QNB.
jeverington@thenational.ae
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MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
UAE currency: the story behind the money in your pockets
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets
