Special Features
UAE Financial Markets News
25 October 2009. The ADX rose 0.89% to 3147 points from AED 229m worth of trading. The DFM was up 0.85% to 2263 points from turnover of AED 685m. On the Nasdaq Dubai at 1415 UAE time, DP World is up 1.9% and Damas is down 2.9%.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock in Dubai, and the only one trading more than AED 100m worth, with a 1.2% rise to 4.67 from AED 311m worth of deals. Emirates NBD (ENBD) was the best gainer, closing 5% limit up at 4.25. The rarely traded Gulfa Mineral Water (GULFA) was also 5% limit up from a handful of small trades. Emirates Integrated Telecommunications (DU) rose 1.3%, Gulf Navigation (GULFNAV) and Gulf General Investment (GGICO) were up 1.2%, Al Firdous Holdings (ALFIRDOUS) 1.1%, and Shuaa Capital (SHUAA) 1.0%.
Another 4 gainers rose less than 1%. Gulf Finance House (GFH) and Al Madina Finance (ALMADINA) were the worst losers, both closing 10% limit down with no sellers in the queue and significantly greater than usual volumes. Ektitab Holding (EKTTITAB) fell 6.7%, Global Investment House (GLOBAL) 3.1%, and the remaining losers were down less than 2%.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock in Abu Dhabi but still only traded AED 43m worth of shares. Both Aldar and Sorouh Real Estate (SOROUH) were up 2.6%. Abu Dhabi Commercial Bank (ADCB) was the top gainer with a rise of 4.2% to 2.28, Aabar Energy (AABAR) rose 3.85%, Umm Al Quwain Cement (QCEM) 3.7%, First Gulf Bank (FGB) 3.5%, and the remaining gainers were up less than 3%.
Sharjah Cement (SCIDC) was the worst loser, closing 10% limit down from just one small trade, Gulf Cement (GCEM) fell 4.8%, Methaq Islamic Insurance (METHAQ) 3.4%, Abu Dhabi Islamic Bank (ADIB) 1.3%, and the other losers were down less than 1% or on low volumes. Emirates Telecom (ETISALAT) fell 0.4%, and National Bank of Abu Dhabi (NBAD) rose 2.2%.
