Banking stocks in Abu Dhabi proved to be a drag for a second day in a row. Dubai shares also ended in the red.
FGB, which dropped nearly 10 per cent on Tuesday, closed down 3.7 per cent at Dh11.55 yesterday, the lowest level in a month.
The shares closed ahead of news that the bank, the largest in the UAE by market value, is considering a bid for Barclays’ Egyptian assets.
The Abu Dhabi Securities Exchange General Index fell 1.3 per cent at 4,344.34.
NBAD declined 1.2 per cent at Dh8.51, even as the bank on Tuesday raised its dividend for last year to 45 per cent from 40 per cent announced previously. Aldar Properties and ADCB also fell.
Shares in Dubai fell by as much as 2 per cent in morning trading, but pared losses after European bourses opened in positive territory.
The Dubai Financial Market General Index shed 0.6 per cent at 3,299.82, dragged down by Dubai Investments and Emaar Properties.
Dubai Investments gave up 4.5 per cent at Dh2.10, after the company proposed a 12 per cent dividend for last year.
Index bellwether Emaar Properties was off 2.6 per cent at Dh5.95.
Dubai Parks and Resorts was the pick of the gainers, rising 6 per cent to Dh1.40.
jeverington@thenational.ae
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THE LOWDOWN
Romeo Akbar Walter
Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher
The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Sri Lanka squad for tri-nation series
Angelo Mathews (c), Upul Tharanga, Danushka Gunathilaka, Kusal Mendis, Dinesh Chandimal, Kusal Janith Perera, Thisara Perera, Asela Gunaratne, Niroshan Dickwella, Suranga Lakmal, Nuwan Pradeep, Dushmantha Chameera, Shehan Madushanka, Akila Dananjaya, Lakshan Sandakan and Wanidu Hasaranga
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now