Weak global markets dampened investor enthusiasm in the Gulf yesterday, as markets were mostly flat on low volumes.
UAE bourses were affected by lower-than-expected US jobs data and disappointing manufacturing numbers from China, both of which were released on Friday.
The Abu Dhabi Securities Exchange (ADX) General Index moved up 0.2 per cent to 2,515.46, while the Dubai Financial Market (DFM) General Index fell 0.1 per cent to 1,468.45. Trade on the ADX was valued at Dh40 million, while the DFM's activity was valued at Dh63m. Both numbers were well below recent averages, indicating that investors were awaiting a catalyst before returning to the market.
"The volumes tell the whole story," said Saad Chalabi, an institutional trader at AlRamz Securities in Abu Dhabi.
Abu Dhabi's measure was supported by Aabar Investments as speculators bought the stock, sending it up by 3.4 per cent to Dh1.49.
Etisalat and du traded heavily on news that they planned to share each other's internet and television networks. On the ADX, Etisalat remained unchanged at Dh10.30. The Dubai-based du dropped 3 per cent to Dh1.92.
Abu Dhabi's second-largest listed developer, Sorouh Real Estate, rose more than half a per cent to Dh1.76. Drake and Scull International, a contractor based in Dubai, moved up 0.1 per cent to 78 fils. The company announced that it received a 450m Saudi riyal contract from Damac to construct a project, Al Jawharah, in the kingdom.
Kuwait's measure dipped 1.7 per cent to 6,320.60 and Qatar's fell 1.1 per cent to 6,766.80. Oman's remained largely unchanged at 6,077.51. Bahrain's index dropped 1.3 per cent to 1,361.19, and the Saudi Tadawul All-Share Index was down 0.51 per cent to 6,002.61.
halsayegh@thenational.ae
The specs
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
Company%20Profile
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
COMPANY%20PROFILE
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Company%20Profile
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Cricket World Cup League 2 Fixtures
Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)
Sunday March 6, Oman v Namibia, ICC Academy
Tuesday March 8, UAE v Namibia, ICC Academy
Wednesday March 9, UAE v Oman, ICC Academy
Friday March 11, Oman v Namibia, Sharjah Cricket Stadium
Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium
UAE squad
Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia
Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
Five healthy carbs and how to eat them
Brown rice: consume an amount that fits in the palm of your hand
Non-starchy vegetables, such as broccoli: consume raw or at low temperatures, and don’t reheat
Oatmeal: look out for pure whole oat grains or kernels, which are locally grown and packaged; avoid those that have travelled from afar
Fruit: a medium bowl a day and no more, and never fruit juices
Lentils and lentil pasta: soak these well and cook them at a low temperature; refrain from eating highly processed pasta variants
Courtesy Roma Megchiani, functional nutritionist at Dubai’s 77 Veggie Boutique