Slim gains on UAE bourses



The UAE’s main stock indexes eked out slim gains on Thursday in quiet trading.

Dar Takaful and Dubai Parks and Resorts were the only Dubai stocks to advance more than 1 per cent, rising 3.9 per cent and 2.9 per cent, respectively.

Emaar Properties, the index heavyweight, closed up 0.9 per cent at Dh8.20.

Amanat Holdings, which announced the acquisition of a 4.1 per cent stake in Abu Dhabi’s Al Noor Hospitals, was among the decliners, closing down 1.5 per cent at 87.5 fils.

The Dubai Financial Market General Index rose 0.2 per cent to 4,118.60.

In the capital, the Abu Dhabi Securities Exchange General Index fared marginally better, rising 0.4 per cent to 4,650.66. Trading volumes, however, slumped to a three-month low.

Etisalat was the index’s best performer. The telecoms operator’s shares surged 3 per cent to Dh11.75 – its best one-day performance since the end of February.

Energy stocks acted as a drag on the index, with Taqa and Dana Gas falling by 2.7 per cent and 2.27 per cent, respectively.

Qatar Exchange ended 0.6 per cent lower at 12,433.49.

Brent, the European benchmark crude, edged towards $66 per barrel as data showed US crude oil inventories fell for a third week and because of continued fighting in Iraq.

Analysts now expect prices to rise to $70 per barrel. “Brent is getting a bit of impetus from the threat Islamic State is posing in Iraq,” Christopher Bellew, a senior broker at Jefferies Bache told Reuters. “I can see prices moving up further from here on geopolitics towards $70.”

jeverington@thenational.ae

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TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Third Test

Day 3, stumps

India 443-7 (d) & 54-5 (27 ov)
Australia 151

India lead by 346 runs with 5 wickets remaining

 


 

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Investors: Privately/self-funded


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