Special Features
UAE Financial Markets News
7 October 2009. The DFM fell 0.35% in a late sell-off after starting the day well, with turnover of just under AED 2 billion again. On the Nasdaq Dubai at 1415 UAE time, DP World and Depa are unchanged, and Damas is down 3.3% from just one trade. The ADX rose 1.3% to 3204 points from substantial turnover of AED 891m, boosted by heavy trading in Dana Gas.Dubai Financial Market
Emaar Properties (EMAAR) was the most heavily traded stock with AED 587m worth of deals, and managed to close in the green by 0.46% at 4.37, despite heavy selling towards closing time. Dubai Islamic Bank (DIB) (+1.3%) and Dubai Financial Market (DFM) (-2.4%) were also busy with just over AED 220m worth of trading each. Arabtec (ARTC) (-2.5%) and Union Properties (UPP) (-1.8%) were the only other stocks trading more than AED 100m worth. Emirates NBD (ENBD) was the best of the more actively traded gainers, up 1.8% to 4.48. Shuaa Capital (SHUAA) was up 1.0%, and the other 5 gainers were up on low volumes. Four stocks closed unchanged, including Air Arabia (AIRARABIA) and Ajman Islamic Bank (AJMANBANK).
Gulf Finance House (GFH) closed 10% limit down, Al Salam Bank Sudan (ALSALAMSUDAN) fell 4.8%, Gulf Navigation (GULFNAV), down 3.4%, was the worst of the more active companies, Deyaar Development (DEYAAR) fell 3.3%, and the remaining losers were down less than 3% or on low volumes.
Abu Dhabi Securities Exchange
Dana Gas (DANA) took top spot on the value traded list in Abu Dhabi with AED 216m worth and a 3.3% rise to 1.25. Sorouh Real Estate (SOROUH), up 2.0%, and Aldar Properties (ALDAR), up 2.4%, also traded more than AED 100m. First Gulf Bank (FGB) was the best of the more active gainers, rising 3.9% to 18.65. Finance House (FH) was up 3.5%, Abu Dhabi Islamic Bank (ADIB) 1.6%, National Bank of Abu Dhabi (NBAD) 1.5%, and the remaining gainers were up less than 1.5% or on low volumes.
Emirates Telecom (ETISALAT) rose 1.2% to 12.20. Bank of Sharjah (BOS) was the worst loser on trading of more than AED 1m, falling 2.9% to 2.00. Abu Dhabi Commercial Bank (ADCB) was down 2.0%, Waha Capital (OILC) and Arkan Building Materials (ARKAN) fell less than 1%, and the other 6 losers were down on low volumes.
