Abu Dhabi's shares edged lower on Sunday, with low turnover, as traders remained on the sidelines ahead of the Islamic New Year holiday.
Trading places:Companies moving the market today
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Abu Dhabi Islamic Bank Learn more
Dubai Financial Market Learn more
National Bank of Abu Dhabi, the country's second biggest lender by assets, lost 0.4 per cent to Dh10.15. Abu Dhabi Islamic Bank, the country's biggest shariah-compliant lender, lost 1.5 per cent to Dh3.13. The ADX General Index lost 0.01 per cent to 2417.80 points.
"Very little interest amidst the absence of any local catalyst coupled with very high uncertainty on the back of deteriorating global macro news are keeping investors on the sidelines," said Haissam Arabi, the chief executive at Gulfmena Investments in Dubai.
"We are approaching year end where no one is eager to take additional risk and losses as they close their books for the year."
Dubai's DFM General Index lost 0.04 per cent to 1348.08 points.
Elsewhere in the region, Kuwait's index lost 0.2 per cent to 5782.00 points. Bahrain's measure was unchanged at 1161.34 points. Oman's MSM Index added 0.1 per cent to 5428.52 points. Qatar's QE Index added 0.1 per cent to 575.07 points. The Saudi Tadawul All-Share Index lost 0.4 per cent to 6057.59 points.
halsayegh@thenational.ae
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The specs
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Tickets
Tickets for the 2019 Asian Cup are available online, via www.asiancup2019.com
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Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
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What is double taxation?
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Manchester City 2 (Mahrez 04', Ake 84')
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Man of the match: Jamie Vardy (Leicester City)
The specs
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The national orchestra
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- Golden circle - Dh995
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- Lower Bowl premium - Dh795
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- Upper Bowl Premium - Dh395
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Install an air filter in your home.
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Wear a face mask.
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Engine: Four electric motors, one at each wheel
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Torque: 859Nm
Transmission: Single-speed automatic
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On sale: Now
COMPANY%20PROFILE
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
TO A LAND UNKNOWN
Director: Mahdi Fleifel
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Farasan Boat: 128km Away from Anchorage
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