Special Features
UAE Financial Markets News
13 October 2009. The ADX rose marginally by 0.14% to 3222 points from turnover of AED 611m. The DFM fell 1.6% to 2304 points from turnover of AED 1.5 billion. On the Nasdaq Dubai at 1415 UAE time, DP World is up 1.8%, Depa is down 10%, and Damas is down 11%.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai with just over half a billion dirhams worth of shares traded as it fell 2.1% to 4.59. Dubai Financial Market (DFM) was also busy with AED 278m worth of deals and a 3.4% fall to 2.56. Arabtec (ARTC), down 1.9%, and Arab International Logistics (ARMX), up 1.7%, were the only other two stocks trading more than AED 100m worth. Aramex was the only gainer of note today.
The other 3 gainers rose on thin trading, including Gulf Finance House (GFH) up 13.4%. Union Properties (UPP) was the worst of the more active losers, falling 3.6% to 1.07. Al Madina Finance (ALMADINA) was the worst overall loser, 10% limit down with no sellers but on low volumes. Islamic Arab Insurance (IAIC) fell 3.55%, Air Arabia (AIRARABIA) 3.3%, and most other actively traded stocks fell between 1% and 3%.
Abu Dhabi Securities Exchange
Dana Gas (DANA) was the most active stock in Abu Dhabi with AE 147m worth of deals and a 2.4% rise to 1.27 putting it also at the top of the more actively traded gainers list. Waha Capital (OILC), up 1.9%, and Aldar Properties (ALDAR), up 0.63%, also traded more than AED 100m worth for the day. Commercial Bank International (CBI), 10% limit up, was the top gainer but from just a single small trade.
Sorouh Real Estate (SOROUH), Abu Dhabi Commercial Bank (ADCB), and Emirates Telecom (ETISALAT) all rose less than 1%, and the remaining gainers were up on thin trading. Ras Al Khaimah White Cement (RAKWCT) was the worst loser trading more than AED 1m, and fell 3.8% to 1.00. Methaq Islamic Insurance (METHAQ) fell 2.1%, Bank of Sharjah (BOS) 1.9%, Sharjah Islamic Bank (NBS) 1.7%, and the remaining losers were down less than 1.5% including National Bank of Abu Dhabi (NBAD), First Gulf Bank (FGB), and Aabar Energy (AABAR).
