First Gulf Bank's shares rose as Abu Dhabi's third-biggest bank eased limitations on investment by international buyers.
Trading places:Companies expected to move the market this week
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The bank's board voted in June to increase the amount of its shares that could be purchased by overseas buyers to 25 per cent from 15 per cent, which came into effect today.
Though the move did not spark a significant jump in volume, the bank's shares rose 0.6 per cent to Dh14.40 each. International investors currently own 14.02 per cent of the bank's stocks.
First Gulf Bank joined other big lenders, such as National Bank of Abu Dhabi and Abu Dhabi Commercial Bank in nudging the capital's stock market index slightly higher in early trading.
The Abu Dhabi Securities Market General Index rose 0.2 per cent to 2,429.78, while the Dubai Financial Market General Index was flat at 1,367.21.
Asian stocks rose in the early hours of the morning as optimism grew that European leaders were close to a breakthrough on the eurozone's sovereign debt crisis.
The Nikkei 225 gained 2.3 per cent to 8,477.82 and the Hang Seng index rose 1.3 per cent to 18,286.50.
Oil prices bubbled upwards, with Brent futures increasing 29 cents to $109.65 per barrel. Gold prices were flat, with bullion trading at $1,713 per troy ounce.
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Company%20profile
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COMPANY%20PROFILE
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Paltan
Producer: JP Films, Zee Studios
Director: JP Dutta
Cast: Jackie Shroff, Sonu Sood, Arjun Rampal, Siddhanth Kapoor, Luv Sinha and Harshvardhan Rane
Rating: 2/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
The%20specs
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
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Company%20Profile
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Confirmed%20bouts%20(more%20to%20be%20added)
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The 10 Questions
- Is there a God?
- How did it all begin?
- What is inside a black hole?
- Can we predict the future?
- Is time travel possible?
- Will we survive on Earth?
- Is there other intelligent life in the universe?
- Should we colonise space?
- Will artificial intelligence outsmart us?
- How do we shape the future?
Company%C2%A0profile
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
THE%20SWIMMERS
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Kill%20
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets