UAE stocks were mixed yesterday, with Abu Dhabi's stock index losing nearly 1 per cent, while Dubai barely moved.
The most active stock in the capital was Abu Dhabi Commercial Bank, which was little changed at Dh7.86. The index compiler MSCI announced last week that ADCB’s weighting as part of the UAE in its emerging markets index will be increased to 18.6 per cent from 15.3 per cent.
"ADCB went up last week because of a re-weighting of the MSCI index and today we saw some profit-taking on that," said Sanyalak Manibhandu, the manager of research at NBAD.
Aldar Properties was also in focus, ending the day at Dh2.78. The Abu Dhabi-based property developer said last week its profit jumped by more than a third in the first quarter as it benefited from a surge in rents from its flagship Yas Mall shopping centre and lucrative land plot sales.
Bahrain's Gulf Finance House was one of the most active stocks in Dubai, falling 3 per cent to Dh0.794. The Sharia-compliant investment firm reported last week that it had won a legal case amounting to US$91 million against two ex-chairmen related to their bonuses.
dalsaadi@thenational.ae
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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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Favourite colour: Brown
Favourite Movie: Resident Evil
Hobbies: Painting, Cooking, Imitating Voices
Favourite food: Pizza
Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon
Race card
5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m
6.05pm: Handicap (TB) Dh87,500 (T) 1,400m
6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m
7.15pm: Handicap (TB) Dh105,000 (T) 1,200m
7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m
8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m
9pm: Handicap (TB) Dh105,000 (T) 2,410m
9.35pm: Handicap (TB) Dh92,500 (T) 2,000m
