What you need to know as UAE markets open on October 25

Here are some things you need to know as markets open today in the United Arab Emirates.

1) Abu Dhabi-listed Bank of Sharjah reported attributable net profit of AED 109.9 million for Q3 2017, an increase from AED 90.2 million in the same period last year.

2) Abu Dhabi-listed Manazel Real Estate has said it plans to build four schools within its UAE residential developments.

3) Dubai Insurance Co. reported a net profit of AED 2.8 million for Q3 2017, declining from 5.7 million in the same period last year.

4) Nasdaq Dubai-listed DP World said it handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017. Gross container volumes grew by 10 percent year-on-year (YoY) on a reported basis and 9.6 percent on a like-for-like basis. The third-quarter volumes grew by 13.5 percent YoY on a reported basis and 13.3 percent on a like-for-like basis.

5) Dubai-listed Shuaa Capital said its market making and liquidity provision arm Shuaa Capital International Ltd, will be market makers on Nasdaq Dubai’s upcoming index futures based on Dubai Financial Market’s General Index, Abu Dhabi Securities Exchange’s ADI Index and MSCI’s UAE Emerging Market Index.

6) Islamic Development Bank’s $1.25 billion sukuk has started trading on Nasdaq Dubai, state news agency WAM reported.

7) Abu Dhabi state fund Mubadala Investment Co said it expects to list its unit Emirates Global Aluminium (EGA) next year, Reuters reported.

8) Oil prices were mixed on Wednesday, with Brent steady above the $58-mark. Brent crude was last up 0.1 percent at $58.39/bbl, while WTI crude was down 0.1 percent at $52.41/bbl.

9) Asian stocks were mainly positive towards closing hours. Japan’s Nikkei 225 Index was last up 0.1 percent, while Hong Kong’s Hang Seng Index rose 0.7 percent and China’s CSI 300 Index gained 0.2 percent.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com