Special Features
UAE Financial Markets News
26 October 2009. The ADX rose 0.65% to 3168 points from turnover of AED 390m. The DFM rose a solid 3.3% to 2338 points from turnover of AED 1.2 billion. On the Nasdaq Dubai at 1430 UAE time, DP World is up 3.6%, and Damas and Depa are unchanged.Dubai Financial Market
Emaar Properties (EMAAR) was the most heavily traded stock with a 4.5% rise to 4.88 from AED 491m worth of deals. Dubai Financial Market (DFM), up 6.4% to 2.65 was also active with AED 283m of turnover and was the second highest gainer. Arabtec (ARTC) was the only other stock trading more than AED 100m worth, rising 4.4% from AED 106m of turnover.
Emarat Takaful Insurance (TAKAFUL-EM) was the best gainer, up 7.2% to 1.79. Gulfa Mineral Water (GULFA) (from just one trade) and Emirates Integrated Telecommunications (DU) closed 5% limit up, Shuaa Capital (SHUAA) rose 4.6%, Emirates NBD (ENBD) 4.5%, and most other stocks were up between 1% and 4%. There were only two losers, Al Madina Finance (ALMADINA) down 9.6% to 1.99 on heavier than usual trading, and Global Investment House (GLOBAL) down 2.1% on low volumes.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the only stock in Abu Dhabi trading more than AED 100m worth, gaining 2.1% to 6.44 from AED 110m. Qatar Telecom (QTEL) was the best gainer on more than AED 1m worth of trading, up 3.2% to 160.00, Waha Capital (OILC) rose 3.0%, Abu Dhabi Commercial Bank (ADCB) 2.7%, Sorouh Real Estate (SOROUH) 2.3%, and the other gainers were up less than 2% or on thin volumes.
National Bank of Abu Dhabi (NBAD) rose 0.72% to 13.85. Several stocks closed unchanged, including Emirates Telecom (ETISALAT), Ras Al Khaimah Properties (RAKPROP), and Aabar Energy (AABAR). There were 9 losers but only Gulf Cement (GCEM), down 3.6%, and Union National Bank (UNB), down 1.3%, saw turnover of more than AED 1m each.
