Markets rose today, ending the trading week on a positive note, as investors bought up property stocks amid speculation that the sector will show strong growth in the fourth quarter.
Aldar Properties, the builder of Yas Island and Ferrari World, jumped 4.4 per cent to 93 fils a share on the Abu Dhabi bourse. Sorouh Real Estate, the capital's second biggest developer, gained 4.2 per cent to 93 fils a share. The Abu Dhabi Securities Exchange General Index added 0.2 per cent to 2472.10 points.
"Markets are in better shape, generally speaking," said Fadi al Said, a senior fund manager at ING Investment Management in Dubai. "Liquidity is coming back and the global markets are improving."
Emaar Properties, the developer of the world's tallest skyscraper Burj Khalifa, gained 0.6 per cent to Dh2.92 a share. Arabtec Holding, Dubai's biggest contractor, surged 7.1 per cent to Dh2.85 amid consistent gains since the start of the year.
Elsewhere in the region, Kuwait's measure was unchanged at 5854.90 points. Bahrain's measure was little changed at 1136.30 points. Oman's MSM 30 Index was little changed at 5628.33 points. Qatar's QE Index added 0.2 per cent to 8716.12 points. The Saudi Tadawul All-Share Index added 0.7 per cent to 6797.09 points.
halsayegh@thenational.ae
MATCH INFO
Alaves 1 (Perez 65' pen)
Real Madrid 2 (Ramos 52', Carvajal 69')
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If you go
The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.
The car
Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.
Parks and accommodation
For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.
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The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
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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.
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UAE currency: the story behind the money in your pockets
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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