The Abu Dhabi and Dubai exchanges finished higher again yesterday, ending a week in which investor confidence seemed to improve markedly.
The Dubai Financial Market (DFM) General Index climbed almost 4 per cent for the week and the Abu Dhabi Securities Exchange (ADX) General Index gained 3 per cent.
The DFM saw volumes hit 63 per cent this week, largely due to reports of progress surrounding Dubai World's debt restructuring.
"Investors are positive," said Saad al Chalabi, an institutional trader at Al Ramz Securities. "We are slowly seeing retail investors come back. They haven't jumped 100 per cent on board yet, but they are still coming in. There's still doubt here and there if material changes have occurred."
The ADX closed 0.2 per cent higher yesterday at 2,833.36. Sorouh Real Estate shares ended 2.1 per cent higher to Dh2.39. Aldar Properties shares rose 1 per cent higher to Dh4.02 a share.
First Gulf Bank shares declined 2.4 per cent to Dh18 a share after buying back 500,000 of its shares on Wednesday.
The DFM climbed 1.4 per cent higher to 1,683.89. Emaar Properties ended trading 3.6 per cent higher at Dh3.49.
Drake and Scull shares surged 3.5 per cent higher to Dh0.88 a share after the company announced Dh484 million (US$131.7m) of new contracts.
The NASDAQ Dubai General Index closed 1.4 per cent higher to 1,793.34.
Elsewhere in the region, Kuwait's measure closed 0.2 per cent higher at 7,457.90 while the Bahrain Stock Exchange General Index closed less than 0.1 per cent higher at 1,500.94.
The Qatar and Muscat main measures also closed essentially unchanged at 6,816.21 and 6,649.16 respectively. The Saudi bourse was closed for the day.
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MO
Creators: Mohammed Amer, Ramy Youssef
Stars: Mohammed Amer, Teresa Ruiz, Omar Elba
Rating: 4/5
CREW
Director: Rajesh A Krishnan
Starring: Tabu, Kareena Kapoor Khan, Kriti Sanon
Rating: 3.5/5
Killing of Qassem Suleimani
Company Profile
Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices
The Mother
Director: Niki Caro
Stars: Jennifer Lopez, Joseph Fiennes, Gael Garcia Bernal, Omari Hardwick and Lucy Paez
Rating: 3/5
Australia men's Test cricket fixtures 2021/22
One-off Test v Afghanistan:
Nov 27-Dec 1: Blundstone Arena, Hobart
The Ashes v England:
Dec 8-12: 1st Test, Gabba, Brisbane
Dec 16-20: 2nd Test, Adelaide Oval, Adelaide (day/night)
Dec 26-30: 3rd Test, Melbourne Cricket Ground, Melbourne
Jan 5-9, 2022: 4th Test, Sydney Cricket Ground, Sydney
Jan 14-18: 5th Test, Optus Stadium, Perth
COMPANY PROFILE
Name: PlanRadar
Started: 2013
Co-founders: Ibrahim Imam, Sander van de Rijdt, Constantin Köck, Clemens Hammerl, Domagoj Dolinsek
Based: Vienna, Austria
Sector: Construction and real estate
Current number of staff: 400+
Investment stage: Series B
Investors: Headline, Berliner Volksbank Ventures, aws Gründerfonds, Cavalry Ventures, Proptech1, Russmedia, GR Capital
COMPANY PROFILE
Name: Qureos
Based: UAE
Launch year: 2021
Number of employees: 33
Sector: Software and technology
Funding: $3 million
The specs
Engine: 3.0-litre flat-six twin-turbocharged
Transmission: eight-speed PDK automatic
Power: 445bhp
Torque: 530Nm
Price: Dh474,600
On Sale: Now
How Beautiful this world is!
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
A list of the animal rescue organisations in the UAE
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
STAY, DAUGHTER
Author: Yasmin Azad
Publisher: Swift Press
Available: Now
World Food Day
Celebrated on October 16, to coincide with the founding date of the United Nations Food and Agriculture Organisation, World Food Day aims to tackle issues such as hunger, food security, food waste and the environmental impact of food production.
The specs
Engine: 2.3-litre 4cyl turbo
Power: 299hp at 5,500rpm
Torque: 420Nm at 2,750rpm
Transmission: 10-speed auto
Fuel consumption: 12.4L/100km
On sale: Now
Price: From Dh157,395 (XLS); Dh199,395 (Limited)
WWE Evolution results
- Trish Stratus and Lita beat Alicia Fox and Mickie James in a tag match
- Nia Jax won a battle royal, eliminating Ember Moon last to win
- Toni Storm beat Io Shirai to win the Mae Young Classic
- Natalya, Sasha Banks and Bayley beat The Riott Squad in a six-woman tag match
- Shayna Baszler won the NXT Women’s title by defeating Kairi Sane
- Becky Lynch retained the SmackDown Women’s Championship against Charlotte Flair in a Last Woman Standing match
- Ronda Rousey retained the Raw Women’s title by beating Nikki Bella
HEADLINE HERE
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