Special Features
UAE Financial Markets News
16 September 2009. The ADX rose 1.7% to 3052 points from turnover of AED 394m. The DFM rose 2.7% to 2084 points from turnover of AED 870m. On the Nasdaq Dubai at 1500 UAE time, DP World is up 8.4%, Depa is down 0.56%, Damas is up 4.8%, Boulder Steel is down 20%, and a handful of derivatives have traded, RAK Properties, Sorouh, and Union Properties, all in the green.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock as usual in Dubai, with AED 324m worth of deals and a 3.5% rise to 4.09. Drake & Scull (DSI) also traded more than AED 100m and rose 5.4% to 0.98, making it the best of the more active companies traded today. Al Madina Finance (ALMADINA) closed 15% limit up but from just 2 small trades. Other gainers included Emirates NBD (ENBD) 5% limit up, Dubai Islamic Bank (DIB) with a 4.3% rise, Gulf Navigation (GULFNAV) up 4.0%, Deyaar Development (DEYAAR) up 3.8%, Dubai Financial Market (DFM) up 3.1%, and most other stocks up about 1%-2%. Gulf Finance House (GFH) was the only loser with a 9.6% fall from thin trading.
Abu Dhabi Securities Exchange
Sorouh Real Estate (SOROUH) was the busiest stock in Abu Dhabi, rising 4.4% to 3.67 from AED 119m worth of deals. Aldar Properties (ALDAR) was next on the turnover list with just under AED 100m worth of deals, and rose 3.1% to 5.69. Abu Dhabi Commercial Bank (ADCB) was the standout gainer, closing 10% limit up at 2.57 with no sellers in the queue and greater than usual activity. Other gainers included International Fish Farming (ASMAK) and Fujairah Building Industries (FBICO) 10% limit up but on low volumes, Union National Bank (UNB) up 7.5%, Abu Dhabi Islamic Bank (ADIB) up 5.2%, Agthia Group (AGTHIA) up 3%, Ras Al Khaimah Properties (RAKPROP) up 2.7%, and most other stocks were up less than 2.5% or unchanged. National Bank of Abu Dhabi (NBAD) rose 1.5% and Emirates Telecom (ETISALAT) had a 0.87% gain. There were only 4 losers, and only Methaq Islamic Insurance (METHAQ) falling 0.57% saw turnover of more than AED 1m.
