Shares in the UAE led modest losses across the Arabian Gulf yesterday, following global bourses lower.
Japanese stocks fell for a third day and Australia’s index ended a winning streak after the S&P 500 on Wednesday closed below a key technical level for the first time since Election Day.
The Dubai Financial Market General Index followed suit, closing 0.9 per cent lower yesterday at 3,509.34, dragged down by Emaar Properties. The developer’s shares closed down 1.4 per cent at Dh7.25 apiece, with Dubai Investments and Emaar Malls also finishing lower.
Arabtec Holding shares finished 2.4 per cent lower at 89.8 fils each, after the construction company announced further details on its recapitalisation programme.
Dubai Islamic Insurance was the sole gainer on the emirate’s headline index, closing up 0.5 per cent at 86 fils a share.
The Abu Dhabi Securities Exchange General Index closed down 0.8 per cent at 4,518.14, with trading volumes more than 50 per cent lower than the index’s daily average for the past six months.
First Abu Dhabi Bank (ticker: NBAD) closed down 1.4 per cent at Dh10.65, its sixth straight negative close. Aldar Properties and ADCB ended down 1.8 per cent and 1 per cent, respectively.
ADIB and Bank of Sharjah led gainers, rising 1.1 per cent and 1.5 per cent.
Shares in Saudi Arabia were little changed on the day, following the completion of its debut $9bn sukuk issuance.
The Tadawul finished down 0.3 per cent, with gains by Saudi Arabian Fertilizer and Saudi Kayan Petrochemical cancelled out by falls by NCB and Banque Saudi Fransi.
jeverington@thenational.ae
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
SPECS
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THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
The stay
Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.
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.
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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Killing of Qassem Suleimani
KILLING OF QASSEM SULEIMANI
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
TOUCH RULES
Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.
Teams can make as many substitutions as they want during the 40 minute matches.
Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.
A touch is any contact between the player with the ball and a defender, and must be with minimum force.
After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.
At the roll-ball, the defenders have to retreat a minimum of five metres.
A touchdown is scored when an attacking player places the ball on or over the score-line.
The bio
His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
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The five pillars of Islam