Dubai shares rose yesterday as oil prices ticked higher and stocks rebounded globally on strong earnings.
"There is light domestic news overall for the UAE. The focus is on externalities, predominantly international and commodity news," said Anastasios Dalgiannakis, a trader at Mubasher Financial Services in Dubai.
Emaar Properties, the region's biggest developer, rose 1.2 per cent to Dh3.20 a share.
Deyaar Development added 3.6 per cent to 31 fils a share. Union Properties advanced 4.6 per cent to 43 fils.
The Dubai Financial Market (DFM) General Index added 0.7 per cent to 1,589.73.
US stock futures rose after the computing maker Dell beat earnings expectations and as investors awaited the minutes of the latest policy committee meeting at the US Federal Reserve.
Futures on the Dow Jones Industrial Average rose 26 points to 12,453. European and Asian shares rose for the first time in five days.
Crude for delivery next month gained for the first time in three days, advancing as much as 2 per cent to $98.80 a barrel in electronic trading on the New York Mercantile Exchange.
The Abu Dhabi Securities Exchange General Index added 0.3 per cent to 2,659.70.
Ras al Khaimah Cement rose 5 per cent to Dh1.04 a share. Aldar Properties was unchanged at Dh1.44. Dana Gas added 1.5 per cent to 67 fils a share.
halsayegh@thenational.ae
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg
EU Russia
The EU imports 90 per cent of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40 per cent of EU gas and a quarter of its oil.
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
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