Special Features
UAE Financial Markets News
8 September 2009. The DFM rose 1.3% to 1996 points from turnover of just over AED 1 billion, with Deyaar leaping ahead. On the Nasdaq Dubai at 14:30 UAE time, DP World is down 2.6%, Depa is up 1.7%, Damas is unchanged after one trade, Citigold fell 11.7% from a rare trade, and there have been single derivative trades in Aabar, DIB, and Shuaa Capital. The ADX rose 0.72% to 2977 points from turnover of AED 295m.Dubai Financial Market
Emaar Properties (EMAAR) was the most heavily traded stock with AED 245m of trading but share price closed unchanged at 3.80. Arabtec (ARTC) rose 0.32% from AED 201m worth of deals, and Dubai Financial Market (DFM) rose 1.0% from AED 151m of turnover to join the trio of stocks trading more than AED 100m for the day. Deyaar Development (DEYAAR) was the standout gainer, up 8.2% to 0.79 on solid trading, Al Salam Bank Sudan (ALSALAMSUDAN) was the top gainer, up 10.3% from higher than usual, Gulf Navigation (GULFNAV) was up 4.1%, Dubai Investment Company (DIC) rose 3.3%, Dubai Islamic Bank (DIB) and Emirates NBD (ENBD) 2.5%, and most other stocks were in the green by less than 2.5% or unchanged.
There were only 2 losers, Shuaa Capital (SHUAA) and Islamic Arab Insurance (IAIC), both falling about 1%.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) dominated trading in Abu Dhabi with AED 89m worth of deals, and had a marginal gain of just 0.19% to 5.29. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers, up 4.5% to 2.10 on higher than usual volumes, 5 other gainers rose more than 5% but on low turnover, Emirates Telecom (ETISALAT) was up 2.7%, and the remaining gainers were up less than 2%, including National Bank of Abu Dhabi (NBAD) up 0.72%. The rarely traded Al Ain Ahlia Insurance (AAAIC) was the worst loser on turnover of more than AED 1m (although it was only 2 trades), plummeting 9.4% to 58.00.
First Gulf Bank (FGB) fell 3.0% to 16.05, Sorouh Real Estate (SOROUH) fell 1.2%, Union National Bank (UNB) 1.0%, and the remaining losers were down less than 1% or on low volumes.
