iPhone | iPad
Android
Huawei
Kapil Dev, Gavaskar, Srikanth and other team members say they are disturbed over the the manhandling of wrestlers by police
KT APPDOWNLOAD
Banking, property shares drive UAE markets lower
Dubai - Investors weighed rising coronavirus cases worldwide following a new super virulent strain of the virus identified in Britain
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. -- File photo
The UAE markets fell on Monday as investors weighed rising coronavirus cases worldwide following a new super virulent strain of the virus identified in Britain.
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and five per cent, respectively. In banking sector, Dubai Islamic Bank dropped 4.92 per cent and Emirates NBD lowered 3.25 per cent.
In Abu Dhabi, the main index dropped one per cent to 5,061.78 points. Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank shares fell 0.19 per cent and 0.15 per cent, respectively.
The new strain of the virus could be up to 70 per cent more infectious, the United Kingdom has said, prompting its European neighbours and several other countries including Canada and Iran to close their doors to travellers from the country. No Asian country has reported the new strain so far and yet to announce a flight suspension to the UK.
--- muzaffarrizvi@khaleejtimes.com
More news from
Modi's visit will be a chance to build on a commitment to a free and secure Indo-Pacific region, as well as develop technology partnerships and tackle climate change: White House
The Special Relief Commissioner Office said that teams have rushed to the spot for a search and rescue operation the Coromandel Express
Second edition of Dubai Esports and Games Festival to create a platform for gamers, investors, entrepreneurs, and international players
The carousel consists of eight pictures showcasing a different side of Sheikh Hamdan
The former Mastercard chief's expertise in finance and development will play a key role for the bank as it realigns to face the challenge of a warming planet
The fair witnessed a remarkable turnout, with students having the opportunity to meet representatives from prestigious universities in the US, UK, Australia, Canada, New Zealand, and Ireland
Manchester City and Manchester United will lock horns in the match on Saturday at the fabled Wembley Stadium