Special Features
UAE Financial Markets News
6 September 2009. The ADX rose 1.6% to 2933 points from improved volumes of AED 449m, the DFM rose almost 2% to 1958 points with turnover also up at AED 766m. On the Nasdaq Dubai at 15:30 UAE time, only two listings have traded, Depa unchanged and DP World up 0.23%, although somewhat surprisingly, on much lower volumes than Depa.Dubai Financial Market
Emaar Properties (EMAAR) led the more active gainers with a solid 6.55% boost to 3.74 and was also the most active stock with almost AED 400m worth of deals - more than half the total for Dubai today. Al Salam International Investment (SALAM) was the top gainer with a 13.4% rise. Union Properties (UPP) was up 3.3%, National General Cooling (TABREED) 2.2%, and most other stocks were up less than 2% or unchanged.
Shuaa Capital (SHUAA) was the only actively traded stock in the red, falling by 2.4% to 2.00. The other 5 losers fell on turnover of less than AED 1m between them.
Abu Dhabi Securities Exchange
Sorouh Real Estate (SOROUH) (+5.5% to 3.30) and Aldar Properties (ALDAR) (+6.0% to 5.23) were the standout stocks in Abu Dhabi with solid gains and each trading more than AED 100m worth. Top gainers on more than AED 1m worth of deals were Sharjah Insurance (SICO) up 7.3% and Methaq Islamic Insurance (METHAQ) up 7.05%. Green Crescent Insurance (GCIC) was up 3.05%, Ras Al Khaimah Properties (RAKPROP) up 2.7%, and the remaining gainers were up less than 2.5% or on low volumes. National Bank of Abu Dhabi (NBAD) and Emirates Telecom (ETISALAT) both rose about 1% each, the other large Abu Dhabi banks, First Gulf Bank (FGB), Union National Bank (UNB), and Abu Dhabi Commercial Bank (ADCB), all rose over 2%.
There were 4 losers, Gulf Cement (GCEM), Ras Al Khaimah White Cement (RAKWCT), Gulf Pharmaceutical Industries (JULPHAR), and National Corporation for Tourism & Hotels (NCTH), none trading in significant quantities.
