Dubai shares rose yesterday as oil prices ticked higher and stocks rebounded globally on strong earnings.
"There is light domestic news overall for the UAE. The focus is on externalities, predominantly international and commodity news," said Anastasios Dalgiannakis, a trader at Mubasher Financial Services in Dubai.
Emaar Properties, the region's biggest developer, rose 1.2 per cent to Dh3.20 a share.
Deyaar Development added 3.6 per cent to 31 fils a share. Union Properties advanced 4.6 per cent to 43 fils.
The Dubai Financial Market (DFM) General Index added 0.7 per cent to 1,589.73.
US stock futures rose after the computing maker Dell beat earnings expectations and as investors awaited the minutes of the latest policy committee meeting at the US Federal Reserve.
Futures on the Dow Jones Industrial Average rose 26 points to 12,453. European and Asian shares rose for the first time in five days.
Crude for delivery next month gained for the first time in three days, advancing as much as 2 per cent to $98.80 a barrel in electronic trading on the New York Mercantile Exchange.
The Abu Dhabi Securities Exchange General Index added 0.3 per cent to 2,659.70.
Ras al Khaimah Cement rose 5 per cent to Dh1.04 a share. Aldar Properties was unchanged at Dh1.44. Dana Gas added 1.5 per cent to 67 fils a share.
halsayegh@thenational.ae
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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