Special Features
UAE Financial Markets News
28 October 2009. The ADX fell 1.5% to 3097 points from turnover of AED 274m. The DFM fell 1.4% to 2286 points from turnover of AED 1 billion with the foreign secondary listings continuing to suffer heavy falls on high volumes, but the index was propped up by a rise in Emirates NBD. On the Nasdaq Dubai at 1500 UAE time, DP World is down 1.3%, Depa is down 1.4%, Damas is down 2.9%, Dubai Gold Securities is down 1.1%, and Citigold is unchanged from a rare single trade.Dubai Financial Market
Emaar Properties (EMAAR) was the most active stock with AED 439m worth of trades, and fell 3.5% to 4.67. Dubai Financial Market (DFM) was the only other stock trading more than AED 100m, falling 2.3% from AED 210m worth of deals. Al Madina Finance (ALMADINA) closed 10% limit down at 1.62, followed by Gulf Finance House (GFH) down 9.1%, and Ektitab Holding (EKTTITAB) down 8.5%, with all three stocks trading significantly higher than usual volumes.
Arab International Logistics (ARMX) was down 4.6%, Emarat Takaful Insurance (TAKAFUL-EM) 4.0%, and most other stocks falling between 1%-4%. There were only 3 gainers, Gulfa Mineral Water (GULFA) 5% limit up from low volumes, Emirates NBD (ENBD) 4.0% up, and Arab Insurance Group (ARIG) up 1.0% from just one trade.
Abu Dhabi Securities Exchange
Aldar Properties (ALDAR) was the most active stock, and the only one trading more than AED 100m (just) as it fell 3.3% to 6.06. Ras Al Khaimah Ceramics (RAKCEC) was the worst loser on trading of more than AED 1m, down 6.9% to 1.72, Agthia Group (AGTHIA) fell 3.45%, Arkan Building Materials (ARKAN) 3.1%, and most other stocks were down less than 3% or on low volumes.
There were 6 gainers with only three rising on turnover of more than AED 1m - Al Ain Ahlia Insurance (AAAIC) up 9.8% and also the best gainer, and Abu Dhabi Islamic Bank (ADIB) and National Bank of Abu Dhabi (NBAD) both up less than 0.5%. Emirates Telecom (ETISALAT) fell 2.05%, and Gulf Livestock Company (GLS), the new listing today, was untraded.
