Special Features
UAE Financial Markets News
14 October 2009. The ADX edged up by just 0.20% to 3229 points from turnover of AED 464m. The DFM surged up by 3.0% to 2373 points from turnover of AED 1.5 billion with Emaar at the top of the gainers and traded value lists. On the Nasdaq Dubai at 1415 UAE time, DP World is up 2.7%, Damas is down 5.9%, Depa is down 2.6%, aand DGS is up 0.61%.Dubai Financial Market
Emaar Properties (EMAAR) traded AED 640m worth of shares and rose 6.5% to 4.89. Dubai Financial Market (DFM) was also busy with AED 304m of turnover, and rose 4.7% to 2.68. Arabtec (ARTC) was the only other stock with more than AED 100m worth of deals, and rose 4.2% to 3.71. National General Cooling (TABREED) was up 5.45%, and Arab International Logistics (ARMX) 4.4%.
Union Properties (UPP), Air Arabia (AIRARABIA), and Deyaar Development (DEYAAR) all rose between 3% and 4%, and most other stocks were up between 1% and 3%. Emirates NBD (ENBD) was unchanged at 4.47. There were 5 losers, including Ektitab Holding (EKTTITAB) down 1.15%, and Gulf Finance House (GFH) down 6.5%, the only two losers trading more than AED 1m worth.
Abu Dhabi Securities Exchange
Dana Gas (DANA) was the most active stock in Abu Dhabi and the only one with over AED 100m worth of trading (just barely) as it rose 0.78% to 1.30. Arkan Building Materials (ARKAN) was the best of the more active gainers with a 10% limit up close at 3.52. Methaq Islamic Insurance (METHAQ) was up 5.15% to 5.21, Abu Dhabi Commercial Bank (ADCB) rose 3.0%, and the other gainers were up less than 2% or on thin trading.
Umm Al Quwain Cement (QCEM) was the worst loser with more than AED 1m worth of trading, falling 2.3% to 0.83. Union National Bank (UNB) was down 1.7%, and the other losers fell less than 1% or on thin trading. National Bank of Abu Dhabi (NBAD) fell 0.35% and Emirates Telecom (ETISALAT) fell 0.40%.
