Dubai shares drop to seven-week low as Gaza attacks go on



UAE bourses extended declines and Dubai's index slipped to a seven-week low today as investors reduced risk amid increasing attacks on the Gaza Strip.

Israeli bombing of dozens of suspected guerrilla sites in the Hamas-ruled Gaza Strip and Palestinian rocket fire from the enclave dropped off as international efforts to broker a truce intensified.

Dubai's benchmark index earlier today fell by 0.7 per cent to 1,591 points, its lowest level since October 1.

Contractor Arabtec declined 2.1 per cent, telecom operator du shed 1.8 per cent and budget carrier Air Arabia declined 1.7 per cent.

Abu Dhabi's bourse was down by 0.6 per cent to 2,666 points early today, heading for its fourth session of losses since last Monday's 16-month high.

Developers are down, with Aldar Properties and Sorouh Real Estate falling 3.2 and 3.9 per cent respectively. Dana Gas dropped 2.4 per cent.

In Qatar, the measure ticks up 0.1 per cent to 8,387 points, easing away from Sunday's three-month low.

"It's all politics and Middle East conflict - the Gaza attack is scaring everyone," says Yassir Mckee, head of brokerage at Doha's Al Rayan Financial Brokerage.

"Qatar should stay in range - it needs some good news to take it higher. Locals are not as scared as much as the foreigners when there is tension in the region."

Qatar Navigation gained 3.1 per cent and Qatar Electricity and Water climbed 0.2 per cent. Qatar Insurance jumped 9.1 per cent in four trades and thin volumes, which traders say is moving on speculation.

Elsewhere, Oman's index slipped 0.1 per cent to 5,610 points, while Kuwait's bourse was trading flat.

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura

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