Shares in Abu Dhabi and Dubai ended flat on Thursday as investors booked gains while looking forward to further earnings results next week.
The capital’s headline index fell about half a per cent in the opening hour of trading before rallying to end less than 0.1 per cent lower at 4,899.79 – its first negative close in nine days.
Shares in Dubai opened slightly down, crept into positive territory in the afternoonand retreated to also end down less than 0.1 per cent at 4,201.20.
“There was a general lack of direction today at the end of a good week, and we saw people taking their risk money off the table ahead of more results announcements next week,” said Sanyalak Manibhandu, the research manager at NBAD Securities.
Abu Dhabi Islamic Bank rose 0.7 per cent to Dh5.26, following a 10 per cent rise in profit for the second quarter and the announcement of dates for its upcoming Dh504 million rights issue.
The index heavyweight Etisalat closed up 0.3 per cent at Dh14.75. The telecoms company’s shares are up 9.3 per cent for the month.
FGB, which is due to announce second-quarter results next week, closed unchanged at Dh15.50, having gained 4.7 per cent over the past two weeks.
Aldar Properties fell 1.4 per cent to Dh2.73.
Deyaar Development and Emirates NBD led gains among Dubai blue chips, closing up 1.9 per cent and 1.4 per cent respectively.
Arabtec Holding was the main lagger, dropping 1.9 per cent at Dh2.49.
Emaar Malls lost 1.51 per cent at Dh3.27, despite announcing a 43 per cent increase in quarterly profit.
jeverington@thenational.ae
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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RESULT
Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')
Man of the Match: Aaron Mooy (Huddersfield Town)
MATCH INFO
Manchester United 2 (Heaton (og) 42', Lindelof 64')
Aston Villa 2 (Grealish 11', Mings 66')
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
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The specs: 2018 Mercedes-Benz GLA
Price, base / as tested Dh150,900 / Dh173,600
Engine 2.0L inline four-cylinder
Transmission Seven-speed automatic
Power 211hp @ 5,500rpm
Torque 350Nm @ 1,200rpm
Fuel economy, combined 6.4L / 100km
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