iPhone | iPad
Android
Huawei
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
KT APPDOWNLOAD
Low volumes persist in UAE markets
DUBAI — Dubai shares recovered yesterday with a climb of 0.3 per cent to close at 5,422.31, a poor volume turnout due to the low foreign institutional trading in the market. The Abu Dhabi bourse dropped 0.6 per cent at 4,974.62 points, led by Aldar Properties.
Commercial Bank of Dubai topped the Dubai Financial Market (DFM) General Index with a surge of 2.8 per cent to Dh11 while Emirates NBD, the country's biggest bank by assets, grew 1.7 per cent to Dh11.90 and Emaar Properties gained one per cent to Dh10.60.
The UAE's second-largest mortgage lender, Amlak Finance, lost two per cent to Dh4.41 as it sold 235 apartments at Skycourts, a freehold residential project opposite Dubai's Academic City. Amlak offered UAE residents 90 per cent financing for the studio, one- and two-bedroom apartments to be paid over 25 years.
Tamweel, the biggest mortgage lender in the UAE, declined 1.6 per cent to Dh7.87 as it completed the sale of Islamic bonds worth Dh1.1 billion. The Shariah-compliant firm's "floating-rate sukuk maturing 2013 pays a profit rate of 2.25 percentage points more than the quarterly Emirates interbank offered rate", according to Bloomberg.
About 126 million shares valued at Dh514 million traded on DFM while shares value on the Abu Dhabi Securities Exchange (ADX) reached Dh597.3 million.
"There is a shortage of liquidity in the market," said Nadim Abou Jalad, a trader at Naeem Shares & Bonds, in a Bloomberg report. "We don't see a lot of foreign institutional trading in the markets now."
Aldar Properties, the biggest real-estate developer in Abu Dhabi, slumped 3.1 per cent to Dh12.40 while UAE-based medical supplies manufacturer Gulf Pharmaceutical Industries trailed ADX with a fall of 9.7 per cent to Dh2.51.
Dubai-based DP World, the world's fourth-largest marine terminal operator, plummeted 2.4 per cent to $0.80 on the Dubai International Financial Exchange while Damas International Ltd gained one per cent to $1.02. The Dubai-based jewellery group plans to have 569 stores in at least 18 countries by end-2008 from the present 468.
jose@khaleejtimes.com
More news from
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas
'I am proud of you. This is going to be historic,' the former first lady told Harris in a live video call
The application will be operational from Thursday, August 1
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023
Residents have been warned not to approach the area
The number of arrests in days of violence in the country passed the 2,500 mark in an AFP tally
This new store in Fujairah is the second of its kind in the UAE, following the successful launch of the small store concept in Al Wahda Mall in 2020