Dubai's stock market showed mixed performance Thursday morning, amid low volumes and as investors remained on the sidelines following a week of volatility triggered by global markets.
Tamweel, a mortgage company complying with Shariah rules, rose 1.7 per cent to Dh1.18. Air Arabia, a regional budget carrier, fell 0.8 per cent to 59 fils.
The Dubai Financial Market General Index was little changed at 1482.05 points. Only Dh16.3 million worth of shares were traded this morning, compared to the daily average of Dh70 million for May.
The Abu Dhabi Securities Exchange (ADX) dipped slightly, weighed by property companies.
RAK Properties slumped 2.7 per cent to 36 fils. Sorouh Real Estate declined 1.9 per cent to Dh1.02.
The ADX General Index 0.1 per cent to 2473.07 points.
Elsewhere in the region, Kuwait's index lost 0.1 per cent to 6356.74 points. Bahrain's index was little changed at 1138.61 points. Oman's MSM 30 Index was unchanged at 5721.36 points. Qatar's QE Index lost 0.3 per cent to 8467.42 points. The Saudi Tadawul All-Share Index lost 0.5 per cent to 7061.43 points.
HAlSayegh@thenational.ae
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Company%20Profile
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
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Company%20profile
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Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5