Aabar Investments again led gainers yesterday as UAE markets showed signs of a short-term rally. The Dubai Financial Market General Index added 0.5 per cent to 1,551.19. Emaar Properties, the largest company on the index, added 1.2 per cent to Dh3.33. Drake & Scull retreated 0.4 per cent to Dh0.81, after the engineering company's chief executive was quoted as saying it has Dh700 million on hand for acquisitions. Separately, its chief financial officer said he sees the current quarter's results exceeding those of the previous one.
The Abu Dhabi Securities Exchange General Index edged 0.3 per cent higher to 2,551.39. But analysts did not expect the bourses to sustain the momentum. "It's a continuity of the rebound we saw last Sunday. It is more of a technical rally than a fundamental one," said Mohammed Ali Yasin, the chief executive of Shuaa Securities. Aabar Investments surged 4.7 per cent to Dh1.76, the second consecutive day of gains since the firm announced that it would hold a meeting today to consider delisting from the exchange.
Dana Gas rose to a three-week high, before closing up 2.9 per cent at Dh0.71, as it announced plans to buy back shares. National Bank of Abu Dhabi eased 0.4 per cent lower to Dh10.80 after it issued a five-year sukuk totalling 500 million Malaysian ringgit yesterday. Elsewhere in the region, Bahrain's measure added 0.4 per cent to 1,413.19, while Oman's bourse shed 0.6 per cent to 6,173.33. Qatar's index dropped 0.2 per cent to 7,072.08 and Kuwait's gauge fell 0.3 per cent to 6,653.00. The Saudi Tadawul All-Share Index fell 0.3 per cent to 6,343.47.
@Email:halsayegh@thenational.ae
Company%20Profile
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COMPANY%20PROFILE
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The%20specs
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The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 720hp
Torque: 770Nm
Price: Dh1,100,000
On sale: now
TECH%20SPECS%3A%20APPLE%20WATCH%20SE%20(second%20generation)
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If you go
The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.
The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).
When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.
Kanye%20West
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MATCH INFO
Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')
Celta Vigo 1 (Olaza 42')
MATCH INFO
What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae