Abu Dhabi shares experienced their highest one-day rise in four weeks, with banks propelling the index to its highest level in eight months.
The Abu Dhabi Securities Exchange General Index rose 1.04 per cent to 4,902.09, its eighth consecutive day of gains.
ADCB shares ticked up 4.01 per cent at Dh8.30, the highest one-day rise in a month, after the bank’s second-quarter profits came in ahead of analyst expectations.
Fellow banking heavyweight stocks FGB and NBAD also rose 1.64 per cent and 0.93 per cent respectively.
UNB, whose second-quarter profits came in below analyst expectations, closed down 0.7 per cent at Dh7.05.
Heavyweight banking shares also bolstered Dubai’s headline index, which closed up 0.5 per cent at 4,203.09, its first close above 4,200 since April.
Dubai Islamic Bank and Emirates NBD were among the top blue chip gainers, rising by 1.96 per cent and 0.95 per cent respectively.
The logistics provider Aramex also rose, closing up 4.69 per cent at Dh3.57 – the highest level in a month.
At the other end of the spectrum Emaar Properties fell by 0.25 per cent to Dh8.08, with Union Properties, Damac Properties and Deyaar Development all ended the day down.
jeverington@thenational.aeFollow The National's Business section on Twitter
PREMIER LEAGUE FIXTURES
All times UAE ( 4 GMT)
Saturday
West Ham United v Tottenham Hotspur (3.30pm)
Burnley v Huddersfield Town (7pm)
Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
Southampton v Manchester United (7pm)
Stoke City v Chelsea (7pm)
Swansea City v Watford (7pm)
Leicester City v Liverpool (8.30pm)
Sunday
Brighton and Hove Albion v Newcastle United (7pm)
Monday
Arsenal v West Bromwich Albion (11pm)
Killing of Qassem Suleimani
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Forced%20Deportations
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Violence%20
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Frida%20
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