Local equities surged yesterday after investor sentiment was boosted amid higher corporate earnings and expectations of a stronger outlook this year.
Dana Gas jumped 2.7 per cent to 38 fils in Abu Dhabi. The UAE gas explorer and producer said full-year profit reached Dh506 million, up from Dh158m a year earlier.
"We need to see more positive cashflow coming to the company to help make a rational investment decision on the stock," said Tariq Qaqish, a senior fund manager at Al Mal Capital.
Dana Gas has a US$1 billion Islamic bond due in October.
Deyaar Development gained 3.7 per cent to Dh22.4 fils in Dubai.
The developer said it would hand over 1,080 homes and commercial properties valued at Dh1.5bn this year.
Tamweel surged 6.4 per cent to 68 fils. The Islamic mortgage company on Sunday said fourth-quarter rose to Dh31m from Dh8m in the same period a year earlier.
The Abu Dhabi Securities Exchange General Index slipped 0.4 per cent to 2,421.62, while the Dubai Financial Market General Index added 0.2 per cent to 1,404.91.
Elsewhere in the region, Kuwait's index added 0.1 per cent to 5,865.40; Bahrain's measure lost 0.3 per cent to 1,135.56; Oman's MSM 30 Index was little changed at 5,591.2; Qatar's QE Index added 0.3 per cent to 8,472.38.
The Saudi Tadawul All-Share Index rose 0.08 per cent to 6,560.25.
halsayegh@thenational.ae
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
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'Champions'
Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
Company%20profile
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The stats: 2017 Jaguar XJ
Price, base / as tested Dh326,700 / Dh342,700
Engine 3.0L V6
Transmission Eight-speed automatic
Power 340hp @ 6,000pm
Torque 450Nm @ 3,500rpm
Fuel economy, combined 9.1L / 100km
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
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Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
