Special Features
UAE Financial Markets News
14 September 2009. The DFM fell 1.8% to 1993 points from turnover of AED 559m. On the Nasdaq Dubai at 15:15 UAE time, DP World is down 3.4%, Depa is unchanged, and DGS is up 0.97%.The ADX fell 0.78% to 2994 points from turnover of AED 200m.
Dubai Financial Market
Emaar Properties (EMAAR) trading of AED 286m was worth more than half the total in Dubai, and their shares fell 3.8% to 3.84, almost the worst fall. No other stocks traded more than AED 100m. Al Firdous Holdings (ALFIRDOUS) was 10% limit down from a single small trade, Shuaa Capital (SHUAA) was the worst of the more actively traded stocks with a 4.1% fall to 1.87, Arab International Logistics (ARMX) fell 3.5%, Gulf Navigation (GULFNAV) 2.6%, Deyaar Development (DEYAAR), Dubai Islamic Bank (DIB), and Al Salam Bank Sudan (ALSALAMSUDAN) 2.5%, and almost all other stocks were down less than 2.5% or unchanged. Drake & Scull (DSI) closed flat, with substantial insider buying probably helping it to avoid closing in the red.
Emirates Integrated Telecommunications (DU), up 0.71%, and Commercial Bank of Dubai (CBD), up 2.05% from just one trade, were the only two gainers in Dubai.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most actively traded stock in Abu Dhabi, falling 2.4% to 5.35 from AED 62m worth of deals. Sorouh Real Estate (SOROUH) was the worst of the more active losers, falling 3.1%, Al Khazna Insurance (AKIC) fell 5.0% on greater than usual turnover, Ras Al Khaimah Properties (RAKPROP) and Dana Gas (DANA) were down 2.6%, Agthia Group (AGTHIA) 2.4%, Green Crescent Insurance (GCIC) 2.3%, and most other stocks were down less than 2%. First Gulf Bank (FGB) was flat at 15.85, and Emirates Driving Company (DRIVE) at 4.00 from much greater than usual volumes.
There were 7 gainers, none trading more than AED 1m, and only Abu Dhabi Aviation (ADAVIATION) saw trading of more than AED 100k, rising 5.9%. Fujairah Building Industries (FBICO) was the best gainer, closing 10% limit up from 1 small trade.
