Special Features
UAE Financial Markets News
7 September 2009. The ADX rose 0.77% to 2956 points from turnover of AED 386m. The DFM rose 0.62% to 1970 points from solid turnover of more than AED 1.1 billion, Emaar and Arabtec making up about two-thirds of the total. On the Nasdaq Dubai at 15:15 UAE time, Depa and DP World are unchanged, and yet again Depa is ahead of DP World on traded value. There have been single trades in Damas (unchanged) and some derivatives (all in the green).Dubai Financial Market
Massive trading in Arabtec (ARTC) today as it took top spot in the traded value list with almost AED 400m worth of deals, and top spot in the gainers list (except for single small trade in Global Investment House), with a solid 5.8% rise despite substantial insider selling. Other gainers included Dubai Islamic Insurance (AMAN) up 4%, Dubai Financial Market (DFM) up 3.7%, Dubai Islamic Bank (DIB) up 2.6%, and Emaar Properties (EMAAR) up 1.6% with turnover of AED 336m. DIS rose 1.1% and the remaining gainers were up less than 1% or on low volumes. Commercial Bank of Dubai (CBD) was the worst loser on more than AED 1m worth of trading, down 4.35% to 3.30, Gulf General Investment (GGICO) fell 1.8%, Gulf Navigation (GULFNAV) and Deyaar Development (DEYAAR) 1.35%, Arab International Logistics (ARMX) 1.2%, and the remainder by less than 1% except for a couple of trades in Gulf Finance House (GFH), 10% limit down.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was up 2.9% from AED 127m worth of trading, the only stock trading more than AED 100m in Abu DHabi. one of the top 6 gainers saw more than AED 100k worth of shares traded. Sharjah Islamic Bank (NBS) was the top gainer on more than AED 1m worth of deals, Sorouh Real Estate (SOROUH) was up 2.5%, Abu Dhabi Commercial Bank (ADCB) and Sudan Telecom (SUDATEL) were up 1.5%, Emirates Telecom (ETISALAT) and Abu Dhabi Islamic Bank (ADIB) 1.4%, National Bank of Abu Dhabi (NBAD) 1.1%, and the remaining gainers rose on low volumes. Arkan Building Materials (ARKAN) was the worst of the more active losers, down 2.4%, Ras Al Khaimah Cement (RAKCC) fell 2.3%, Aabar Energy (AABAR) 1.9%, and the remainder fell less than 1.5% or on low volumes.
