Special Features
UAE Financial Markets News
5 October 2009. The DFM rose 2.0% to 2237 points from substantial turnover of AED 1.36 billion. On the Nasdaq Dubai at 1445 UAE time, DP World is up 1.1%, Depa is down 1.25%, and Damas is down 3.5%. The ADX rose 0.74% to 3151 points from increased turnover of AED 563 million.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai with almost AED 300m worth of deals and a 2.7% rise to 4.16. Other busy stocks included Dubai Financial Market (DFM) up 4.2% from AED 268m, Arabtec (ARTC) up 4.2% from AED 156m, and Deyaar Development (DEYAAR) up 4.65% from AED 115m, also the top gainer of the more actively traded companies. Other gainers included Union Properties (UPP) up 4.0%, Gulf Navigation (GULFNAV) up 3.6%, National General Cooling (TABREED) up 3.0%, and the other actively traded stocks were all in the green by 0-3%.
There were only 4 losers, all on low volumes with only Gulf Finance House (GFH) trading more than AED 1m and closing 10% limit down, as did Kuwait Finance and Investment (KFIC) from just one small trade.
Abu Dhabi Securities Exchange
Ras Al Khaimah Properties (RAKPROP) was the most actively traded stock in Abu Dhabi today, trading AED 111m worth and rising 3.7% to 0.86. Al Khazna Insurance (AKIC) stood out with greater than usual volumes and a 10% limit up close at 1.19. Invest Bank (INVESTB) was up 5.8% to 1.90, First Gulf Bank (FGB) 4.1% to 17.45, Ras Al Khaimah White Cement (RAKWCT) 4.0% to 1.04, and most other stocks were up less than 3%.
There were 9 losers including Emirates Driving Company (DRIVE) and Union Insurance (UNION) with 10% limit down closing prices but trading just once each during the day. Union National Bank (UNB), down 1.6%, and Arkan Building Materials (ARKAN), down 0.31%, were the only losers trading more than AED 1m worth.
