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Top News In ஸ்டாக் துபாய் நிதி சந்தை Today - Breaking & Trending Today

du's first quarter numbers promise possibilities for greater returns by year-end

The Dubai teleco du (or Emirates Integrated Telecommunications Company) reported first quarter 2021 revenues of Dh2.88 billion compared to Dh2.98 billion last year. The decline of 3.35 per cent can be attributed to pandemic-induced market factors.
However, revenues grew 5.2 per cent quarter-over-quarter, for a third consecutive quarter of growth and reflecting a gradual recovery for several business activities. Mobile revenues stabilized at Dh1.31 billion, owing to 1.9 per cent growth in subscriber base to 6.8 million. On a year-on-year comparison, mobile revenues showed a 12.7 per cent erosion, possibly due to a slight dip in average revenue per user.
It could be because international transit is still on the lower side, resulting in reduced buying pressure of prepaid services. Capex was recorded at Dh568 million (+83 per cent year-on-year), reflecting a continuation of the capital deployment plan. The company seems to be positioning itself for the expected 5G rollou ....

United Arab Emirates , Vijay Valecha , Emirates Integrated Telecommunications Company , Stock Dubai Financial Market , Dubai Financial Market , Image Credit , Chief Investment Officer , ஒன்றுபட்டது அரபு அமீரகங்கள் , விஜய் வழேசா , அமீரகங்கள் ஒருங்கிணைந்த தொலைத்தொடர்பு நிறுவனம் , ஸ்டாக் துபாய் நிதி சந்தை , துபாய் நிதி சந்தை , படம் கடன் , தலைமை முதலீடு அதிகாரி ,

Etisalat, banks lead gains on Abu Dhabi markets, as investors factor in Q1-21 numbers

Etisalat drove the upsurge in Abu Dhabi stocks in early Thursday trades, with the telco wowing investors with its Dh2 billion plus net profit for first three months of 2021. In Dubai, real estate stocks reversed recent losses.
Abu Dhabi Securities Exchange traded 0.1 per cent higher at 6,088 points, with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank and Sharjah Islamic Bank benefitting from upbeat sector results. But the index received its biggest boost from Etisalat.
It gained as much as 1.2 per cent at one point, but has since shed some of the momentum and is now up 0.2 per cent.
The telco late on Wednesday reported an 8 per cent uptick in first-quarter bottom-line to Dh2.3 billion, mainly on the back of lower impairment losses of trade receivables and contract assets coupled with better contributions from associate companies. Profits were, however, squeezed a bit as operating expenses increased 4 per cent to Dh8.4 billion. ....

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UAE investors turn jittery, engage in some profit booking despite upbeat Q1-2021 results

Dubai and Abu Dhabi stocks took a breather from three days of advances on Tuesday morning, with investors keen on profit-booking amid uncertain market conditions. Qatar Exchange gained on the back of strong first-quarter results from leading lights.
Dubai Financial Market traded 0.2 per cent lower at 2,640 points despite du advancing 0.8 per cent after first-quarter 2021 profits jumped around 39 per cent from the final quarter of 2020, implying the telco has left the worst behind. But gains were limited as the performance fell short of pre-pandamic levels, with profits and revenues dropping compared to the same quarter last year when COVID-19 had just begun to impact. ....

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UAE investors join in selloffs as doubts resurface on global growth

UAE and other Gulf stocks underwent selling pressure in early trades after new waves of COVID-19 in some systemically important countries led to fresh lockdowns and stoked fresh investor fears about global economic recovery. Equity markets elsewhere are already reeling from the selloffs.
Abu Dhabi Securities Market dropped 0.5 per cent to 6,124 points, giving up some of the gains from yesterday. The volatility is expected to stay on for the short-term as investors turn cautious and wait to seize each opportunity to book profits on their positions.
Results awaited
Banking stocks acted as the biggest drag, with First Abu Dhabi Bank slipping 0.8 per cent ahead of the board of directors meeting later in the day to approve first-quarter results. The lender posted a double-digit drop in 2020 full-year bottom-line, but the UAE market has since returned to growth path. ....

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Oman Insurance's 2020 numbers show why it could be an investor favourite

Premium boost
The company s net premium earned (NPE) at Dh1.63 billion is the highest in the UAE, reflecting its prudent underwriting discipline and risk selection. NPE is income received by insurance companies less the expenses associated with the policy.
Insurance companies generally buy reinsurance policies that help protect them from claims against large and disastrous losses. For Oman Insurance, the high NPE indicates that it was able to maintain its pricing power. It continues to maintain its No. 1 position in the UAE, among more than 30 listed insurers, in terms of net earned premiums. Last year s net profit was at Dh196.5 million, up 3 per cent compared to 2019, making it highest in the past five years. ....

United Arab Emirates , Vijay Valecha , Oman Insurance Company , Stock Dubai Financial Market , Image Credit , Homan Insurance , Chief Investment Officer , ஒன்றுபட்டது அரபு அமீரகங்கள் , விஜய் வழேசா , ஓமான் காப்பீடு நிறுவனம் , ஸ்டாக் துபாய் நிதி சந்தை , படம் கடன் , ஓமான் காப்பீடு , தலைமை முதலீடு அதிகாரி ,