Special Features
UAE Financial Markets News
10 September 2009. The ADX rose 1.4% to 3059 points from turnover of AED 466m. The DFM rose 1.5% to 2040 points from turnover of AED 1.2 billion. On the Nasdaq Dubai at 15:45 UAE time, DP World has surged by 12.4% to $0.50, DGS is down 1.2%, Depa is up 1.0%, Damas is unchanged, and there have been a handful of derivative trades in Air Arabia, RAK Properties, and Union Properties.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock with AED 460m worth of deals and a decent 3.4% rise to 4.00. Air Arabia (AIRARABIA) was the star stock of the day with a 5.6% increase to 1.14 and turnover of AED 190m. Arabtec (ARTC) was the only other stock with more than AED 100m worth of trading, and rose by just 0.32% to 3.09. Other gainers included Arab International Logistics (ARMX) up 2.9%, Dubai Financial Market (DFM) up 1.55%, and most other stocks up by less than 1.5% or unchanged. There were only 4 losers, and only Dar Takaful Insurance (DARTAKAFUL) (-1.15%) and Emarat Takaful Insurance (TAKAFUL-EM) (-0.54%) saw turnover of more than AED 1m worth.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock in Abu Dhabi and the only one trading more than AED 100m (just) as it rose 2.6% to 5.50. Sorouh Real Estate (SOROUH) was just below AED 100m worth of deals, and rose 4.55% to 3.46 making it the top gainer out of the more active stocks. Abu Dhabi Islamic Bank (ADIB) was up 4.1%, Emirates Telecom (ETISALAT) 3.4%, and the remaining gainers rose less than 2% or on thin volumes. Gulf Cement (GCEM) was the worst loser on more than AED 1m of trading, plummeting 7.2% to 2.42, First Gulf Bank (FGB) and Green Crescent Insurance (GCIC) fell 1.5%, and the remaining losers were down less than 1.5% or on low volumes.
