The Dubai Financial Market General Index fell 0.14 per cent yesterday after starting the week in bull-run territory.
Among the companies that ended the trading day in negative territory were Aramex, which fell 1.53 per cent, and Dubai Islamic Bank, which declined 1.35 per cent. Du dropped 1.32 per cent.
The index had begun the week on a high note, rising 3.6 per cent on Sunday.
Rami Sidani, the head of Middle East investments at the fund manager Schroders, said strong property earnings in Abu Dhabi and Dubai reflected the underlying strength of the economy combined with positive sentiment spilling over from global markets. "The UAE is the worst-performing place in the region, so it will be the main beneficiary of any improvement," Mr Sidani said. "Volumes continue to be very decent and the real economy is doing well, with strong growth across ports and airports."
Financials performed well on the day, with Dubai Islamic Insurance up 7.84 per cent, Shuaa Capital rising 6.95 per cent and Islamic Arab Insurance gaining 6.62 per cent.
The Abu Dhabi Securities Exchange General Index rose 0.61 per cent, led by improved sentiment around development and property company earnings.
Eshraq Properties Company jumped 7.41 per cent. Commercial Bank International was up 9.52 per cent, and National Takaful Company rose 10 per cent.
lmiller@thenational.ae
Company%20Profile
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Company%20Profile
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Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
MATCH INFO
Uefa Champions League last 16, first leg
Liverpool v Bayern Munich, midnight, Wednesday, BeIN Sports
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
SPECS
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The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
Kill%20
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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