Special Features
UAE Financial Markets News
19 October 2009. The ADX fell 0.92% to 3177 points from turnover of AED 358m. The DFM index rose 1.4% to 2324 points from traded value of AED 1.2 billion. On the Nasdaq Dubai at 1600 UAE time, DP World is up 3.4%, Depa is down 1.9%, Damas is up 5.0%, and a couple of derivatives have traded, in the red.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai with AED 527m worth of deals and a 3.5% rise to 4.77. Dubai Financial Market (DFM), up 2.7% to 2.63, and Arabtec (ARTC), up 2.3% to 3.58, were also busy with more than AED 100m worth of deals. Top gainers on more than AED 1m worth of trading were Dubai Islamic Insurance (AMAN), up 5.9%, and Emirates Integrated Telecommunications (DU), up 4.75%.
Worst losers on more than AED 1m worth of trading were Gulf Finance House (GFH), down 9.55%, and Emirates NBD (ENBD), down 2.3%. There were only 6 losers including Dubai Islamic Bank (DIB) down just 0.62%. Most of the more actively traded stocks rose between 1% and 3%.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock in Abu Dhabi, and the only one trading more than AED 100m worth with a fall of 2.1% to 6.29 from AED 145m of turnover. Arkan Building Materials (ARKAN) was the worst of the more active losers, down 3.3% to 3.86. National Bank of Umm Al Quwain (NBQ) was 10% limit down from a single trade. International Fish Farming (ASMAK) was down 2.7% from low volumes, Invest Bank (INVESTB) fell 2.6%, Ras Al Khaimah Properties (RAKPROP) 2.4%, and the other losers fell less than 2%.
Emirates Telecom (ETISALAT) and National Bank of Abu Dhabi (NBAD) both fell less than 1%. There were only 4 gainers, and only RAKWCT saw more than AED 1m worth of trading (barely), rising 1.0% to 1.00.
