Special Features
UAE Financial Markets News
24 September 2009. The ADX fell 0.82% to 3119 points from turnover down to AED 280m The DFM fell 0.87% to 2185 points, the fall limited by an increase in Emirates NBD, and turnover also down but still just over AED 1 billion. On the Nasdaq Dubai at 1415 UAE time, DP World is up 4.15%, Depa is unchanged, and a single trade in DPW derivatives is up 3.4%.Dubai Financial Market
Emaar Properties (EMAAR) was the most heavily traded stock in Dubai with AED 253m worth of volumes and a 2.85% fall to 4.09. Dubai Financial Market (DFM) shares were also active, falling 2.0% to 2.40 from AED 239m of turnover. Arabtec (ARTC), down 2.0% from AED 161m, was the only other stock trading more than AED 100m.
Gulf Navigation (GULFNAV) was the worst of the more active losers, falling 3.7% to 0.78, Drake & Scull (DSI) fell 3.0%, Shuaa Capital (SHUAA) and Union Properties (UPP) 2.9%, Dar Takaful Insurance (DARTAKAFUL) 2.7%, and most other actively traded stocks fell less than 2.5%. There were only 5 gainers, including Emirates NBD (ENBD) up 3.8%, Dubai Islamic Insurance (AMAN) up 2.1%, and Gulf General Investment (GGICO) up 1.2%.
Abu Dhabi Securities Exchange
Sorouh Real Estate (SOROUH) was the most active stock on the ADX with AED 77m and a fall of 2.5% to 3.96. Abu Dhabi Commercial Bank (ADCB) was the worst loser, falling 6.15% to 2.43, Aldar Properties (ALDAR) was down 3.1%, Ras Al Khaimah Properties (RAKPROP) 2.5%, and the other losers down less than 2.5% or on thin trading.
Gulf Pharmaceutical Industries (JULPHAR) was the best gainer on turnover of more than AED 1m, rising 8.2% to 1.98, Finance House (FH) was up 2.4%, Sharjah Islamic Bank (NBS) 1.8%, Bank of Sharjah (BOS) 0.5%, and the other 6 gainers rose on turnover of less than AED 1m.
