Equity indexes in Abu Dhabi and Dubai rose on Monday, with financial stocks prominent among the gainers.
The Abu Dhabi Securities Exchange rose by nearly a full percentage point, at 0.9 per cent higher. Eshraq Properties was the leading pick, up by 8 per cent, with Aldar up by 1.2 per cent. Other gainers were the big banks, with ADCB up by 2.4 per cent and the merger partners FGB up by 2.2 per cent and NBAD gaining 0.2 per cent. As speculation over other merger talks quietened, UNB fell by 1.3 per cent.
“The ADX has lagged other markets, especially the DFM,” said Tariq Qaqish, the managing director of asset management at Al Mal Capital. “The ADX is flat for the year, whereas the DFM is up about 8 per cent. I think investors in Abu Dhabi moved into the banks once they saw the synergies that were possible from the newly merged entity. Eshraq moved so positively, I think, because of speculation in the market.”
The DFM rose by 0.3 per cent with Bahrain-based Gulf Finance House (GFH) the top mover, up 8.3 per cent.
Finance and investment was the only DFM sector to rise on the day, gaining 1.4 per cent.
“There was reasonable activity on the DFM today but mostly in small cap stocks which don’t move the bourse,” said Sanyalak Manibhandu, a senior analyst at NBAD. “It’s a bit quiet, but people are buying dividend stocks for next year. GFH people have been shadowing it for a while like Shua’a – it’s a rebalancing and transformation play.”
On commodities markets Brent crude continued its rise, gaining 1.1 per cent to $55.09 by early evening UAE time.
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Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
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How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
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16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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Engine: 6.2-litre V8
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Transmission: 10-speed automatic
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
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Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.