Special Features
UAE Financial Markets News
15 September 2009. The ADX rose 0.22% to 3001 points from turnover of AED 207m, and the DFM rose 1.8% to 2029 points from turnover of AED 401m. On the Nasdaq Dubai at 1500 UAE time, DP World is up 3.1%, Depa is unchanged, DGS is down 0.05%, Boulder Steel is down 20%, and Damas is up 4.65%.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai, rising 2.9% to 3.95 on turnover of AED 181m, and the only stock trading more than AED 100m worth of shares. Emirates NBD (ENBD) was the top gainer with a 4% rise to 3.90, Arab International Logistics (ARMX) was up 3.0%, Arabtec (ARTC) rose 2.35%, Emarat Takaful Insurance (TAKAFUL-EM) 2.3%, Union Properties (UPP) 2.15%, and most other stocks were up less than 2% or unchanged.
There were only 3 losers, Gulf Finance House (GFH) 10% limit down on low volumes, Al Firdous Holdings (ALFIRDOUS) down 3.45% also on low trading levels, and Gulf General Investment (GGICO) down 0.63%, the only loser trading more than AED 1m.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock with AED 60m worth of deals and a 1.5% increase to 5.42. Abu Dhabi Commercial Bank (ADCB) was the standout stock though, with a 10% limit up close at 2.43, and higher than usual turnover of AED 34m despite no willing sellers in the queue. Union National Bank (UNB) also had a 10% limit up close at 4.29 and a lack of sellers in the queue. Other gainers included Fujairah Building Industries (FBICO) and Foodco Holding (FOODCO) 10% limit up but on low volumes, Waha Capital (OILC) up 2.4%, Abu Dhabi Islamic Bank (ADIB) up 2%, Aabar Energy (AABAR) up 1.2%, and the remaining gainers up less than 1% or on thin trading.
National Bank of Abu Dhabi (NBAD) was unchanged, Emirates Telecom (ETISALAT) fell 1.3%, the worst of the more active losers, and First Gulf Bank (FGB) was down just 0.62%. The other 10 losers all fell on less than AED 1m worth of deals.
