Bears tighten stranglehold on UAE financial markets.Dubai: The bearish trend continued in UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. markets with Dubai shares falling more than one per cent, while the Abu Dhabi index closed marginally down. The Dubai Financial Market (DFM DFM Design for Manufacturing (newsletter) DFM Design for Manufacturability DFM Dubai Financial Market DFM Delphi Form (computer filename extension) DFM Distinguished Flying Medal DFM Diesel Fuel Marine ) General Index shed 1.21 per cent to close at 1,925.33. The Abu Dhabi Securities Exchange (ADSE ADSE Assistência na Doença aos Servidores do Estado (Portugal) ) Index shed 0.14 per cent to end at 2,710.15. "The overall trend is sideways amid low volumes and until end of December we cannot expect any surge," said Shiv shiv n. Slang A knife, razor, or other sharp or pointed implement, especially one used as a weapon. [Probably Romany chiv, blade.] Noun 1. Prakash, equity investment analyst at Mac Sharaf Securities. "It will be sideways or downward." Prakash said much now depended on the performance of Emaar Properties, which has a huge bearing on the DFM. The stock of the largest property developer in the Middle East declined for the third straight day, shedding 3.01 per cent to close at Dh2.90. "Everything depends on Emaar," Prakash said. "If it falls below Dh2.80, it can go towards Dh2.50 and this is the level where it takes support and then it can go as low as Dh2.20." Other losers on the DFM included Emirates NBD, which reversed Monday's gains, to close 1.39 per cent lower at Dh3.55. The Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. Financial Information Figure 2004 2003 2002 Total Assets 30,613,361 22,778,319 19,587,790 Shareholder's Equity 2,687,419 1,548,180 1,473,986 NIAT 461,003 234,456 159,798 , lost 2.06 per cent; while the Dubai Financial Market, retreating 3.20 per cent. However, Arabtec, the largest construction company in the UAE, advanced 4.39 per cent to close at Dh4.99. Air Arabia gained 1.01 per cent, taking its gains to a third consecutive day rally. Meanwhile, real estate and energy stocks declined on the ADSE index. Aldar Properties fell 3.82 per cent, Sorouh Real Estate dropped to Dh3.37, Dana Gas closed 1.39 per cent lower, Abu Dhabi National Energy shedding 4.03 per cent and First Gulf Bank gaining 2.5 per cent. [c] Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC 2007. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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