Special Features
UAE Financial Markets News
13 September 2009. The DFM fell 0.50% to 2030 points from turnover of AED 860m. On the Nasdaq Dubai at 1445 UAE time, DP World and Depa are the only two stocks traded, both unchanged. The ADX fell 1.35% to 3018 points from turnover of AED 223m.Dubai Financial Market
Emaar Properties (EMAAR) dominated trading in Dubai with AED 412m worth of turnover, almost half the total, and fell marginally by 0.25% to 3.99. Emarat Takaful Insurance (TAKAFUL-EM) was the worst of the more active losers, falling 3.3% to 1.77, Air Arabia (AIRARABIA) fell 2.6%, Deyaar Development (DEYAAR) 2.4%, Islamic Arab Insurance (IAIC) 2.3%, Dubai Islamic Bank (DIB) 2.1%, and the remaining losers were down by less than 2% or on low volumes. Emirates NBD (ENBD) was the best of the 4 gainers, up 2.2% to 3.78. The other 3 were National Cement Company (NCC) (+2.05% from low volumes), Gulf Navigation (GULFNAV) (+1.3%), and Union Properties (UPP) (+1.1%).
Abu Dhabi Securities Exchange
Sorouh Real Estate (SOROUH) was the most active stock in Abu Dhabi, with AED 65m worth of deals and a 1.7% rise to 3.46. Emirates Telecom (ETISALAT) was the worst of the more actively traded stocks, down 4.1% to 11.60, Methaq Islamic Insurance (METHAQ) and Aabar Energy (AABAR) fell 2.7%, and the remainder were down by less than 2% or on low volumes. National Bank of Abu Dhabi (NBAD) fell 1.4% to 13.70. Abu Dhabi Commercial Bank (ADCB) was the best of the more active gainers but only rose 1.8%. Union National Bank (UNB) was up 2.4% on low volumes, another 8 stocks rose by more but with barely AED 100k of turnover between them, Bank of Sharjah (BOS) was up 1.75%, and Green Crescent Insurance (GCIC) and Aldar Properties (ALDAR) rose less than 1% each.
