Dubai's shares crept higher on low volumes yesterday as investors bought intoproperty and construction companies ahead of second-quarter earnings.
Emaar Properties jumped 1.5 per cent to Dh3.21 on the Dubai Financial Market (DFM) General Index.
Emaaris expected to report increased recurring income from the company's hotel and tourism portfolio amid a rise of visitors to the country, said Fadi Al Said, the head of investments at ING Investment Management in Dubai.
"The wild card is their international developments," he said. "I expect strong momentum going into the second quarter."
Arabtec Holding, the region's biggest contractor, gained 0.6 per cent to Dh2.90, while Tabreed, a district cooling company, added 0.8 per cent to Dh1.24.
The DFM General Indexgained 0.7 per cent to reach 1,505.02.
Sorouh Real Estate, the Reem Island tower developer, lost 0.9 per cent to Dh1.01 on the Abu Dhabi Securities Exchange (ADX) General Index.
United Arab Bank tumbled 10 per cent to Dh2.79. Etisalat slipped 0.1 per cent to Dh9.16.
The ADX General Index closed 0.1 per cent lower to 2,464.49 points.
Elsewhere in the region: Kuwait's measure lost 0.3 per cent to 5,790.94; Bahrain's index slipped 0.1 per cent to 1,108.05; Oman's MSM 30 Index fell 0.4 per cent to 5,410.59; Qatar's QE Index slipped 0.1 per cent to 8,249.29.
The Saudi Tadawul All-Share Index moved up0.44per cent to 6,670.02.
halsayegh@thenational.ae
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
Results
- Brock Lesnar retained the WWE Universal title against Roman Reigns
- Braun Strowman and Nicolas won the Raw Tag Team titles against Sheamus and Cesaro
- AJ Styles retained the WWE World Heavyweight title against Shinsuke Nakamura
- Nia Jax won the Raw Women’s title against Alexa Bliss
- Daniel Bryan and Shane McMahon beat Kevin Owens and Sami Zayn
- The Undertaker beat John Cena
- The Bludgeon Brothers won the SmackDown Tag Team titles against the Usos and New Day
- Ronda Rousey and Kurt Angle beat Triple H and Stephanie McMahon
- Jinder Mahal won the United States title against Randy Orton, Rusev and Bobby Roode
- Charlotte retained the SmackDown Women’s title against Asuka
- Seth Rollins won the Intercontinental title against The Miz and Finn Balor
- Naomi won the first WrestleMania Women’s Battle Royal
- Cedric Alexander won the vacant Cruiserweight title against Mustafa Ali
- Matt Hardy won the Andre the Giant Battle Royal
Company%20Profile
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Company%20profile
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The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
