Special Features
UAE Financial Markets News
08 October 2009. The ADX fell 0.34% to 3193 points from tunover of AED 451m, while the DFM rose 1.4% to 2297 points from turnover of AED 1.2 billion. On the Nasdaq Dubai at 1400 UAE time, DP World is down 1.4%, Depa is down 3.7%, Damas is unchanged, and derivatives for Sorouh and Shuaa have seen a couple of trades in the green.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock with AED 375m worth of deals and a 1.6% rise to 4.44. Several other stocks traded slightly more than AED 100m: Drake & Scull (DSI) up 5.5%, Dubai Financial Market (DFM) up 2.0%, National General Cooling (TABREED) 5.6% making it the best gainer of the day, Dubai Islamic Bank (DIB) up 2.2%, and Arabtec (ARTC) up 1.4%.
Shuaa Capital (SHUAA) was up 5.4%, Deyaar Development (DEYAAR) 3.45%, Gulf Navigation (GULFNAV) 2.35%, and the remaining gainers were up less than 2% or on low volumes. There were 7 losers including Emirates NBD (ENBD) down 0.67%. Only Dar Takaful Insurance (DARTAKAFUL) and Dubai Islamic Insurance (AMAN) saw turnover of more than AED 1m, both falling by less than 1%.
Abu Dhabi Securities Exchange
Dana Gas (DANA) was the most active stock in Abu Dhabi, and the only one trading more than AED 100m, rising 1.6% to 1.27 from AED 116m worth of deals. Abu Dhabi Islamic Bank (ADIB) was the best of the more active gainers, rising 3.5% to 3.33, Al Khazna Insurance (AKIC) rose 3.3%, Agthia Group (AGTHIA) 2.4%, and the remaining gainers were up less than 1% or on thin trading.
Waha Capital (OILC), First Gulf Bank (FGB), and Abu Dhabi National Energy (TAQA) closed unchanged. Ras Al Khaimah Properties (RAKPROP) was the worst of the more active losers, falling 2.3% to 0.87, Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) fell 2.1%, and the other losers fell less than 2% or on low volumes, including Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both down less than 1%.
