Local markets lurched back to life yesterday with most Gulf bourses ending the day in positive territory. The Dubai and Abu Dhabi stock exchanges rose on property and financials.
Abu Dhabi shares were buoyed mostly by Aldar Properties, the emirate's largest property developer. The Abu Dhabi Securities Exchange (ADX) General Index gained 0.4 per cent to close the week at 2506.29. Aldar, the most active stock on the ADX, jumped 1.8 per cent to Dh2.20 a share.
"Aldar has been one of the heaviest sold stocks in the past few weeks ever since it released its earnings," said Hassan el Salah, the head of institutional trading at AlRamz Securities, based in Abu Dhabi.
"It has mostly been foreign selling on the stock, except the past few days it's been local and regional buyers on the name."
In Dubai, the picture was similar as Emaar Properties, the developer of the world's tallest tower, brought sizeable gains to the index. Emaar closed 1.8 per cent higher at Dh3.25.
The Dubai Financial Market (DFM) General Index added 0.7 per cent to 1492.16. The value of shares traded on the DFM reached Dh111.4 million, compared with a 50-day average of Dh126.9m, according to Bloomberg data.
Elsewhere in the region, Kuwait's measure added 0.4 per cent to 6682. Bahrain's index dropped 0.3 per cent to 1409.12. Oman's measure added 0.5 per cent to close at 6328.04. Qatar's index added 0.5 per cent to close at 7114.80 and Saudi Arabia's Tadawul finished 0.66 per cent lower to 6121.06
halsayegh@thenational.ae
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
UAE currency: the story behind the money in your pockets
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Gran Gala del Calcio 2019 winners
Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
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AT4 Ultimate, as tested
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The National's picks
4.35pm: Tilal Al Khalediah
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7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
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Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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