The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
Air Arabia, the Middle East’s biggest discount airline, gained the most in more than a month after posting a 12 per cent profit increase.
Dubai Financial Market, the only publicly traded Gulf Arab stock market, climbed 1.9 per cent. The DFM General Index rose 0.3 per cent, the first gain since April 24, to 1,564.15 at close. The measure slumped 6.6 per cent in the eight days through yesterday. While Abu Dhabi’s ADX General Index slipped 0.3 per cent to 2,487.84 points.
The MSCI Emerging Markets Index tumbled 1.3 per cent at 1:36 p.m. in London.
Oman’s MSM 30 Index fell one per cent, Saudi Arabia’s Tadawul All Share Index slipped 0.3 per cent. Qatar’s QE Index dropped 0.4 per cent and Bahrain’s gauge retreated less than 0.1 per cent. Kuwait’s measure gained 0.3 per cent.
The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
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It will be important to watch if the central bank nudges the South Asian currency higher as a slight downward bias is likely to persist in the market, says expert
K. Padmarajan, a 65-year-old tyre repair shop owner, began fighting elections in 1988 from Tamil Nadu state