Special Features
UAE Financial Markets News
28 September 2009. The ADX fell 1.1% to 3089 points from turnover of AED 333m. The DFM fell 2.6% to 2141 points from turnover of AED 802m. On the Nasdaq Dubai at 1415 UAE time DP World is down 3.8%, Boulder steel is down 9.6% from one trade, and several derivatives have seen single trades, mostly in the red.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai with AED 234m worth of trading as it fell 3.7% to 3.90. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m and fell 3.75% to 2.31. Emarat Takaful Insurance (TAKAFUL-EM) and Arab International Logistics (ARMX), both falling 5%, were the worst losers, except for a handful of trades in Gulf Finance House (GFH) which closed 10% limit down.
Islamic Arab Insurance (IAIC) was down 4.8%, Dubai Islamic Insurance (AMAN) 4.7%, Dubai Investment Company (DIC) and Arabtec (ARTC) 4.2%, and most other stocks fell between 1% and 4%. There were only two gainers, Al Salam Bank Sudan (ALSALAMSUDAN), and Ektitab Holding (EKTTITAB), both rising on low volumes.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock in Abu Dhabi with AED 86m worth of shares traded and a 2.4% fall to 5.74. Invest Bank (INVESTB) stood out with a 9.5% fall to 1.86 and much higher than usual volumes with AED 27m worth of trades. First Gulf Bank (FGB) was down 4.5% to 16.25, Sorouh Real Estate (SOROUH) fell 4.05%, Waha Capital (OILC) was down 3.2%, and most other stocks fell less than 3%.
There were 9 gainers with 4 of them trading more than AED 1m: Ras Al Khaimah White Cement (RAKWCT) up 4.0%, Arkan Building Materials (ARKAN) up 2.5%, Ras Al Khaimah Cement (RAKCC) up 1.45%, and Abu Dhabi National Energy (TAQA) up 0.63%. Emirates Telecom (ETISALAT) fell 0.42%, and National Bank of Abu Dhabi (NBAD) fell 0.73%.
