What you need to know as UAE markets open on Sept. 25

25/09/2017 Argaam
by Jerusha Sequeira

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

 

1) Dubai-listed Drake & Scull International (DSI) has appointed a new board of directors as part of a wider organizational and operational restructuring, it said in a bourse statement on Sunday.

 

2) The UAE Central Bank announced on Sunday that the country’s money supply (M1) decreased by 0.9 percent month-on-month to AED 493.2 billion at the end of August, mainly due to a reduction in monetary deposits.

 

3) Oil prices were little changed on Monday, remaining close to their highest levels in months. Brent crude for November delivery was down 0.1 percent at $56.79 per barrel (bbl), while WTI was 0.3 percent lower at $50.51/bbl.

 

4) Asian markets opened mixed on Monday, with Japan’s Nikkei 225 up 0.5 percent at 20,389 points, while Hong Kong’s Hang Seng index and China’s CSI 300 index were 1 percent and 0.4 percent lower respectively. 

 

Write to Jerusha Sequeira at jerusha.s@argaamnews.com

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