Most regional markets ended slightly higher yesterday as investors warily added to their positions following the sharp declines in recent days.
The Abu Dhabi Securities Exchange General Index firmed 0.4 per cent to 2,787.70, helped by gains in property stocks.
Aldar Properties, the capital's largest listed developer, advanced 1.9 per cent to Dh3.81, followed by Sorouh Real Estate, which added 1.3 per cent to Dh2.28. RAK Properties, the smallest of the three developers by market value, added 2.1 per cent to 48 fils."Trade volume is better than the last two sessions, but investors are still cautious," said Nour al Zoubi, the general manager at MAC Sharaf Securities in Dubai.
Late buying interest in the bellwether Emaar Properties helped the Dubai Financial Market General Index recover from intraday losses to close up marginally higher at 1,714.21. Emaar shares closed flat at Dh3.80 while Union Properties added 1.3 per cent to 47 fils.
"There is no negative news to influence trade here at the moment. We believe the bottom for Dubai is at around 1,670 and it has bounced back many times from that level," Mr al Zoubi said.
Elsewhere in the region yesterday, the Saudi Tadawul All-Share Index rose 1 per cent, the biggest gain in the region, while Qatar's main measure added 0.8 per cent. Muscat shares added 0.3 per cent. The benchmarks in Bahrain and Kuwait each ended 0.2 per cent lower.
skhan@thenational.ae
Honeymoonish
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Predictions
Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
- Sunday: Delhi v Mumbai - Mumbai
- Sunday - Chennai v Punjab - Chennai
Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
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
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
COMPANY%20PROFILE%20
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
