UAE stock markets made small gains yesterday after a volatile week as traders took cues from global markets before making investment decisions. Turnover was low, with a combined value of US$140 million traded on the local bourses, compared with a daily average of $200m this month.
Tabreed rose 3.3 per cent, the biggest one-day price increase since May 7, to Dh1.23 after the district cooling company said it had completed the expansion of its plant in Al Ain.
The Dubai Financial Market General Index gained 0.6 per cent to 1,475.58.
Asian markets showed signs of life yesterday and investor sentiment improved, reversing declines on Wednesday caused by worries over Greece's looming elections and mounting debt crisis.
"Local markets have become very highly correlated with international markets due to global circumstances," said Marwan Shurrab, the vice president and chief trader at Gulfmena Investments in Dubai.
Trading was largely subdued on the Abu Dhabi Securities Exchange (ADX), with investors mostly speculating on small-cap stocks. Ras Al Khaimah Cement rose 1.3 per cent to 74 fils. Arkan Building Materials added 1.2 per cent to close at 82 fils. The ADX General Index was largely unchanged, up 0.03 per cent to close at 2,467.85.
Elsewhere in the region: Kuwait's measure slipped 0.1 per cent to 6,429.09; Bahrain's lost 0.4 per cent to close at 1,151.52; Oman's MSM 30 Index rose 0.2 per cent to 5,656.77; and Qatar's QE Index slipped 0.1 per cent to 8,455.33.
Saudi Arabia's Tadawul All-Share Index was closed for the day.
Ads on social media can 'normalise' drugs
A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.
The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.
Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.
Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Usain Bolt's World Championships record
2007 Osaka
200m Silver
4x100m relay Silver
2009 Berlin
100m Gold
200m Gold
4x100m relay Gold
2011 Daegu
100m Disqualified in final for false start
200m Gold
4x100m relay Gold
2013 Moscow
100m Gold
200m Gold
4x100m relay Gold
2015 Beijing
100m Gold
200m Gold
4x100m relay Gold
And%20Just%20Like%20That...
COMPANY%20PROFILE
You might also like
How a groundbreaking soil-less farming inititiave is empowering rural communities across Jordan
Essay: Venice's floods should serve as a wake-up call for the world
UAE ready for innovation in area of water management – this is not a pipe dream
Saudi artist Manal AlDowayan unveils new piece of land art addressing water scarcity in Al Ula
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
COMPANY%20PROFILE
Company%20profile
COMPANY PROFILE
Company%20Profile
Company%20Profile
Fixtures
New schools in Dubai
COMPANY%20PROFILE
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Honeymoonish
COMPANY%20PROFILE
COMPANY%20PROFILE
While you're here
Richard Heydarian: Who'll lead the new world order? Not US or China
David Rothkopf: Brics is obsolete. It has been overtaken by events
Harsh V Pant: As China flexes its might, mid-size powers regroup
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
COMPANY PROFILE
While you're here
Richard Heydarian: Across Asia there are crowds who can't get enough of Donald Trump
C Uday Bhaskar: The 'Asian Century' depends on China and India working together
Sholto Byrnes: Asia's bumpy trade routes are by no means dead-end streets
Towering concerns
Bookshops: A Reader's History by Jorge Carrión (translated from the Spanish by Peter Bush),
Biblioasis
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
MANDOOB
UAE%20SQUAD
SPECS
Habtoor interview
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411