Special Features
UAE Financial Markets News
18 October 2009. The ADX fell 1.0% to 3207 points from turnover of AED 223m. The DFM fell 2.5% to 2292 points from turnover of AED 866m. On the Nasdaq Dubai at 1415 UAE time, DP World is down 3.5% and Damas is down 2.9%.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai by far, plunging 4.75% to 4.61 from turnover of AED 427m, also the worst of the usually active stocks. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m worth and fell 4.1% to 2.56 from traded value of AED 133m.
Gulf Finance House (GFH) and Al Madina Finance (ALMADINA) closed 10% limit down, Arabtec (ARTC) fell 4.6%, National General Cooling (TABREED) 4.5%, Drake & Scull (DSI) 4.3%, Dar Takaful Insurance (DARTAKAFUL) 4.2%, and most other stocks fell between 1% and 4%. There were only two gainers, Al Firdous Holdings (ALFIRDOUS) and Emirates Integrated Telecommunications (DU), both 5% limit up.
Abu Dhabi Securities Exchange
Sorouh Real Estate (SOROUH), down 2.9% to 3.93, and Aldar Properties (ALDAR), down 4.0% to 6.17 and almost the worst loser, were the most active stocks in Abu Dhabi but both traded only about AED 40m worth each. Methaq Islamic Insurance (METHAQ) was the worst of the more active losers, down 4.0% to 4.97. Abu Dhabi National Takaful (TKFL) was 10% limit down from 1 very small trade, Abu Dhabi Commercial Bank (ADCB) fell 3.75%, Waha Capital (OILC) 3.7%, Abu Dhabi Aviation (ADAVIATION) 3.45%, and most other losers fell between 1% and 3%.
National Bank of Abu Dhabi (NBAD) fell 1.1%, Emirates Telecom (ETISALAT) was down 0.4%, and Ras Al Khaimah Properties (RAKPROP) was down 2.3% after releasing weak Q3 profit figures yesterday. There were 8 gainers but only two on turnover of more than AED 1m: Arkan Building Materials (ARKAN) up 6.1% to 4.00, and Union Insurance (UNION) up 6.2% to 2.75.
