UAE markets closed in positive territory as a rebound in property stocks pushed shares higher, but an air of caution still hangs.
Arabtec and Emaar Properties, the builder of the world's tallest building, were some of the most actively traded stocks on the Dubai exchange and rose 0.5 per cent to Dh1.92 and 1.3 per cent to Dh3.76 respectively.
In Abu Dhabi, the property sector also enjoyed renewed positive investor sentiment and Sorouh increased 1.21 per cent to Dh1.67. Shares in Rak Properties gained 2.13 per cent to Dh0.48.
But Arkan Building Materials bucked the trend and lost 2.9 per cent to Dh2.01. It has fallen 12 per cent since the beginning of November.
The Dubai Financial Market (DFM) General Index rose 0.5 per cent to 1,711.27 points and the Abu Dhabi Securities Exchange Index slipped 0.08 per cent to 2,740.46 points.
"Investors are unwilling to commit fresh funds now we're approaching year end and…whilst we await any further developments on Dubai Holding debt restructuring," said Julian Bruce, the director of equity sales at EFG.
He said the focus for MENA investors remains in Egypt, Qatar and Saudi, and has left UAE markets overlooked in the absence of a positive catalyst.
The Saudi Tadawul All-Share Index rose 0.3 per cent to 6,382.56.
Qatar is up 1.02 per cent to 8,273.07.
But all other exchanges in the region closed down. Kuwait fell 0.05 per cent to 6,964.40; Bahrain dropped 0.4 per cent to 1,452.12 and Oman lost 0.09 per cent to 6,595.75.
fhalime@thenational.ae
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A Cat, A Man, and Two Women
Junichiro Tamizaki
Translated by Paul McCarthy
Daunt Books
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
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
What is a rare disease?
A rare disease is classified as one that affects a small percentage of the population. More than 7,000 diseases are identified as rare and most are genetic in origin. More than 75 per cent of rare genetic diseases affect children.
Collectively rare diseases affect 1 in 17 people, or more than 400 million people worldwide. Very few have any available treatment and most patients struggle with numerous health challenges and life-long ailments that can go undiagnosed for years due to lack of awareness or testing.
